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41-29-505
Section 41-29-505 Deposit and investment of and disbursements from bond proceeds. (a) The proceeds
of all bonds, other than refunding bonds, issued by the authority remaining after paying expenses
of their issuance, shall be deposited in the state treasury and shall be carried in the state
treasury in a special or separate account or accounts. Such funds shall be subject to be drawn
upon by the authority, but any funds so withdrawn shall be used solely for the purposes for
which the bonds were issued as authorized in this article. (b) The state treasurer, with the
approval of the secretary of the authority, shall invest funds not needed by the authority
within the ensuing thirty days for any purpose for which they are held, which investments
shall be made in the manner authorized and provided for in Section 36-17-18. The state treasurer
and the authority may apply so much as may be necessary from the earnings on said investments
toward satisfaction of the arbitrage rebate requirements...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-29-505.htm - 1K - Match Info - Similar pages
16-18B-16
Section 16-18B-16 Appropriation and allocation of funds. There is hereby appropriated so much
of the bond proceeds and interest income thereon as may be necessary for the acquisition,
provision, construction, improvement, renovation, equipping and maintenance of forensic sciences
laboratories and educational facilities for the provision of instruction and research in the
field of forensic sciences. Moneys in the fund (whether original proceeds from the sale of
the bonds or principal proceeds of matured permitted investments) shall be paid out from time
to time in orders or warrants issued by or on the direction of the corporation for the purposes
specified in this article that may be deemed by the corporation to be most advantageous to
the state, and such moneys shall be allocated and expended by the corporation, subject to
all the provisions of this article, in the amounts set out as follows: (1) $10,000,000 to
plan, design, inspect, construct, reconstruct, enlarge, improve, repair,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-18B-16.htm - 1K - Match Info - Similar pages
2-3A-35
Section 2-3A-35 Refunding bonds. Pursuant to the provisions of Amendment 618 and this article,
the authority may, at any time and from time to time, issue for the state refunding bonds
of the state for the purpose of refunding any or all of the bonds authorized by Amendment
618 then outstanding (including any refunding bonds that may have been previously issued),
whether such refunding shall occur before, at or after the maturity of the bonds to be refunded.
In the discretion of the authority, refunding bonds may be issued in exchange for such outstanding
bonds or they may be sold and the proceeds thereof applied to the purchase, redemption or
payment of such outstanding bonds. Refunding bonds to be issued in exchange for such outstanding
bonds shall not be issued in a principal amount greater than the principal amount of the bonds
to be refunded. Refunding bonds to be sold pursuant hereto may be issued in such principal
amount or amounts as shall be determined by said authority....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-3A-35.htm - 3K - Match Info - Similar pages
2-3A-55
Section 2-3A-55 Refunding bonds. Pursuant to the provisions of Amendment 619 and this article,
the authority may, at any time and from time to time, issue for the state refunding bonds
of the state for the purpose of refunding any or all of the bonds authorized by the aforesaid
amendment then outstanding (including any refunding bonds that may have been previously issued),
whether such refunding shall occur before, at or after the maturity of the bonds to be refunded.
In the discretion of the authority, refunding bonds may be issued in exchange for such outstanding
bonds or they may be sold and the proceeds thereof applied to the purchase, redemption or
payment of such outstanding bonds. Refunding bonds to be issued in exchange for such outstanding
bonds shall not be issued in a principal amount greater than the principal amount of the bonds
to be refunded. Refunding bonds to be sold pursuant hereto may be issued in such principal
amount or amounts as shall be determined by said...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-3A-55.htm - 5K - Match Info - Similar pages
25-14-10
Section 25-14-10 Professional Employer Organization Registration Administrative Trust Fund.
(a) There is established in the State Treasury a fund entitled the Professional Employer Organization
Registration Administrative Trust Fund. Fees and assessments provided by this chapter collected
by the department shall be deposited in the fund. The fund shall constitute a separate fund
to be disbursed by the state Comptroller on order of the secretary. All expenses incurred
by the department under this chapter, including the salaries of all employees, travel costs,
and any other cost of administration and enforcement as may become necessary, either within
or without the state, shall be paid from the separate fund in the State Treasury upon warrants
of the state Comptroller drawn upon the State Treasury from time to time when vouchers therefor
are approved by the secretary. The State Treasurer shall pay monies from the separate fund
upon the order of the secretary. The total expense for every...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/25-14-10.htm - 2K - Match Info - Similar pages
41-10-363
Section 41-10-363 Refunding bonds; proceeds of sale of refunding bonds. Any bonds issued by
the authority under this article may from time to time thereafter be refunded by the issuance
of refunding bonds of the authority. Any such refunding bonds may be issued whether the bonds
to be refunded shall have then matured or shall thereafter mature, and such refunding may
be effected either by sale of the refunding bonds and the applications of the proceeds thereof
to the payment or redemption of the bonds so refunded or by exchange of the refunding bonds
for those to be refunded thereby; provided, that the holders of any bonds so to be refunded
shall not be compelled without their consent to surrender their bonds for payment or exchange
prior to the date on which they are payable or, if they are called for redemption, prior to
the date on which they may be redeemed by the authority according to their terms. Any refunding
bonds may be issued in such aggregate principal amount as the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-363.htm - 2K - Match Info - Similar pages
41-10-755
Section 41-10-755 Bonds of the authority. (a) General. The authority is authorized from time
to time to sell and issue its bonds for the purpose of providing funds to be transferred to
and deposited in the Alabama Trust Fund and the Rainy Day Account, to provide additional funds
to the Alabama Medicaid Agency, for paying the costs of transportation projects, and for the
purpose of refunding any or all of the authority's outstanding bonds. (b) Sources of payment.
Bonds issued by the authority shall be solely and exclusively an obligation of the authority
and shall not create an obligation or debt of the state. Such bonds shall not be general obligations
of the authority but shall be payable solely from one or more of the following sources: (1)
Appropriated funds. (2) The income or proceeds realized by the authority under any mortgage
or security granted to the authority. (3) Amounts derived from any letter of credit, insurance
policy, or other form of credit enhancement applicable to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-755.htm - 5K - Match Info - Similar pages
25-8-32.2
Section 25-8-32.2 Child Labor Administrative Trust Fund. (a) The Child Labor Administrative
Trust Fund is established in the State Treasury into which shall be deposited certain assessments
under this chapter collected by the department. The fund shall constitute a separate fund
to be disbursed by the state Comptroller on order of the secretary. For two years following
May 19, 2009, the child labor division of the department shall be funded from the State General
Fund after which expenses incurred by the child labor division of the department under the
child labor law, including the salaries of all employees, travel cost, and costs of administration
and enforcement as may become necessary, either within or without the state, shall be paid
from the trust fund in the State Treasury upon warrants of the state Comptroller drawn upon
the State Treasury from time to time when vouchers therefor are approved by the secretary.
For the two years referred to in the previous sentence, the amount...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/25-8-32.2.htm - 3K - Match Info - Similar pages
45-37A-51.137
Section 45-37A-51.137 The fund and its investment. (a) In each instance in which any provision
of this section requires a determination of the value of a security, or securities, in the
fund, the fair market value of such security or securities as determined by pricing sources
acceptable to the custodian, shall be deemed to be the value thereof. (b) The fund shall include
all assets of the fund in any form, and the city director of finance shall be, ex officio,
the custodian of the fund. The custodian shall keep a separate account of the fund and of
all assets and liabilities thereof and of all receipts and disbursements thereof and of all
prior service time and paid membership time of employee members. The custodian shall keep
all monies of the fund in a separate bank account. The custodian shall keep in force and effect
a bond in a penal amount equal to the total amount of monies and securities in such custodian's
custody or possession, but in no event in excess of fifty thousand...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37A-51.137.htm - 6K - Match Info - Similar pages
11-101A-15
Section 11-101A-15 Use of proceeds. (a) The principal proceeds derived from any borrowing made
by an authority shall be used solely for the purpose or purposes for which the borrowing was
authorized to be made. If any securities are issued for the purpose of financing costs of
acquiring, constructing, improving, enlarging, and equipping a project, those costs shall
be deemed to include the following: (1) The cost of any land forming a part of the project.
(2) The cost of the labor, materials, and supplies used in any construction, improvement,
or enlargement, including architectural and engineering fees and the cost of preparing contract
documents advertising for bids. (3) The purchase price of, and the cost of installing, equipment
for the project. (4) The cost of landscaping the lands forming a part of the project and of
constructing and installing roads, sidewalks, curbs, gutters, utilities, and parking facilities
in connection therewith. (5) Legal, accounting, publishing, printing,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-101A-15.htm - 4K - Match Info - Similar pages
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