9-8A-1
Section 9-8A-1 Definitions. The following words and phrases used in this chapter, and
others evidently intended as the equivalent thereof, shall, in the absence of clear implication
herein otherwise, have the following respective meanings: (1) ALLOCATED FUNDS. That portion
of the funds appropriated to the commission that are allocated by the commission to the soil
and water conservation district in each county of the state. (2) AUTHORIZED INVESTMENTS. Bonds
or other obligations of, or guaranteed by, the United States of America or the state, or interest
bearing bank and savings and loan association deposits or obligations, obligations of any
agency of the United States of America, any obligations in which a state chartered savings
and loan association may invest its funds, any agreement to repurchase any of the foregoing,
or any thereof. (3) COMMISSION. The Alabama Agricultural and Conservation Development Commission
organized pursuant to the provisions of the Constitution of Alabama...
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24-1A-2
Section 24-1A-2 Definitions. The following words and phrases used in this chapter, and
others evidently intended as the equivalent thereof, shall, in the absence of clear implication
otherwise, have the following respective meanings: (1) AUTHORITY. The public corporation and
instrumentality of the state organized pursuant to the provisions of this chapter. (2) AUTHORIZED
INVESTMENTS. Bonds or other obligations of, or guaranteed by, the United States of America
or the state; interest bearing bank and savings and loan association deposits; obligations
of any agency of the United States of America; any obligations in which a state chartered
savings and loan association may invest its funds; any agreement to repurchase any of the
foregoing; or any combination thereof. (3) BOARD OF DIRECTORS. The board of directors of the
authority. (4) BONDS. Bonds or other securities representing an obligation to pay money. (5)
ELIGIBLE HOUSING UNIT. Real and personal properties located in the state...
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5-20-3
Section 5-20-3 Definitions. Notwithstanding any other provision of law, for the purposes
of this chapter, the following terms shall have the meanings prescribed by this section:
(1) ALABAMA BANK. A bank which is organized under the laws of this state or of the United
States and which has its principal place of business in this state. (2) BANK. Any "insured
bank" as such term is defined in Section 3(h) of the Federal Deposit Insurance
Act, 12 U.S.C. §1813(h). (3) BANK HOLDING COMPANY. Any company which is a bank holding company
under the Bank Holding Company Act of 1956, as amended, 12 U.S.C. §1841(a). (4) CREDIT CARD.
Any type of arrangement or agreement pursuant to which any domestic lender or credit card
bank, whether directly or indirectly through any domestic lender acting as its agent, gives
a debtor the privilege of using a credit card or other credit confirmation, device or instrument
of any type in transactions out of which debt arises: a. By the domestic lender or credit...

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11-88-95
Section 11-88-95 Notice of and sale or exchange of bonds. All bonds issued under this
article, except bonds issued to the contractor and except funding and refunding bonds issued
by exchange as provided in this section, shall be sold to the highest bidder at public
sale; provided, that if at a duly advertised public sale in accordance with this section
no legal bid acceptable to the governing body shall be received, then such bonds may be sold
within 30 days thereafter at private sale to the United States of America or to the State
of Alabama. The public sale shall be either on sealed bids or at auction. The notice of a
public sale shall state whether the sale is to be on sealed bids or at auction and shall also
briefly recite the amount of the bonds to be sold, the maturities thereof, the amount payable
at each maturity, any redemption or prepayment privileges, the frequency with which interest
will be payable, either the rate or rates of interest which the bonds are to bear or that...

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16-65-3
Section 16-65-3 Definitions. The following terms shall have the following meanings,
respectively: (1) AUTHORITY. The Alabama Higher Education Equipment Loan Authority created
by this chapter and any successor or successors thereto. Any change in name or composition
of the authority shall in no way affect the vested rights of any person under the provisions
of this chapter. (2) BOARD OF DIRECTORS. The board of directors of the authority. (3) BONDS.
The bonds of the authority issued under the provisions of this chapter, including revenue
refunding bonds. (4) EDUCATIONAL INSTITUTION. Every public college, public university, public
graduate school, public professional school, public junior college, community college, public
business college, and any other public institution of higher learning that teaches a trade
or a profession, heretofore or hereafter established or acquired under statutory authorization
of the Legislature of Alabama and existing as a public institution of learning...
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23-1-181
Section 23-1-181 Appropriations and pledges of revenue for payment of principal and
interest on bonds; sinking fund. (a) Where used in this section the following words
and terms shall be given the following respective meanings: (1) BONDS. Such term, without
qualifying words or phrases, means bonds of the corporation issued under this article. (2)
CODE. The Code of Alabama, 1975. (3) CORPORATION. Alabama Highway Finance Corporation, a public
corporation and instrumentality of the State of Alabama that was organized and is existing
under this article. (4) GASOLINE TAX APPROPRIATION STATUTE. Section 40-17-359. (5)
HIGHWAY GASOLINE TAX. a. The excise tax levied in subdivision (1) of subsection (a) of Section
40-17-325, exclusive of those portions of the tax in respect of aviation fuel and marine gasoline,
as those terms are used in the section; and b. The excise tax levied by Article 3 of
Chapter 17 of Title 40, exclusive of that portion of the tax in respect of diesel fuel. (6)
NET...
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24-1-36
Section 24-1-36 Investment by state, fiduciaries, banks, etc., in bonds, etc., issued
by authorities. Notwithstanding any restrictions on investments contained in any laws of this
state, the state and all public officers, municipal corporations, political subdivisions other
than county and public bodies, all banks, bankers, trust companies, savings banks and institutions,
building and loan associations, savings and loan associations, investment companies, and other
persons carrying on a banking business, all insurance companies, insurance associations, and
other persons carrying on an insurance business and all executors, administrators, guardians,
trustees, and other fiduciaries may legally invest any sinking funds, moneys, or other funds
belonging to them or within their control in any bonds or other obligations issued by a housing
authority pursuant to this article or issued by any public housing authority or agency in
the United States, when such bonds or other obligations are...
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33-16-13
Section 33-16-13 Bonds - Disposition of proceeds; investments. The authority shall pay
out of the proceeds from the sale of any of the bonds all expenses which the board of directors
may deem necessary or advantageous in connection with the sale and issuance of the bonds.
The proceeds from the sale of all bonds, other than refunding bonds, remaining after paying
the expenses of their sale and issuance shall be turned in to the State Treasury, shall be
carried in a special fund to be designated the Coosa Valley Development Authority fund, and
shall be subject to be drawn on by the authority, upon approval by the Governor, but solely
for the purpose of discharging the duties and obligations undertaken by the authority in connection
with the waterway project. The proceeds from the sale of any refunding bonds remaining after
the expense of their issuance shall be used only for the purpose of refunding the principal
of outstanding bonds issued hereunder and of paying any premium that may be...
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33-17-13
Section 33-17-13 Bonds - Disposition of proceeds; investments. The authority shall pay
out of the proceeds from the sale of any of the bonds all expenses which the board of directors
may deem necessary or advantageous in connection with the sale and issuance of the bonds.
The proceeds from the sale of all bonds, other than refunding bonds, remaining after paying
the expenses of their sale and issuance shall be turned in to the state treasury, shall be
carried in a special fund to be designated the Tombigbee Valley Development Authority Fund,
and shall be subject to be drawn on by the authority, upon approval by the Governor, but solely
for the purpose of discharging the duties and obligations undertaken by the authority in connection
with the waterway and the flood control project. The proceeds from the sale of any refunding
bonds remaining after the expense of their issuance shall be used only for the purpose of
refunding the principal of outstanding bonds issued hereunder and of...
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39-7-22
Section 39-7-22 Powers generally; consent of Department of Finance required for issuance
or sale of bonds or other evidence of indebtedness by authority. (a) Subject only to the Constitution
of the State of Alabama, each authority incorporated under this chapter shall have power:
(1) To sue and be sued; (2) To have a seal and alter the same at pleasure; (3) To acquire,
by purchase, gift, devise, lease or exercise of the power of eminent domain or other mode
of acquisition, hold and dispose of property real and personal, tangible and intangible, and
interests therein in its own name, subject to mortgages or other liens or otherwise, and to
pay therefor in cash or on credit and to secure and procure payment of all or any part of
the purchase price thereof on such terms and conditions as it shall determine; (4) To make
and enter into contracts, indentures of trust, leases and bonds; (5) To borrow money and to
issue negotiable bonds and provide for the rights of the holders thereof; (6) To...
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