41-10-55
Section 41-10-55 Issuance and sale of bonds authorized generally; form, terms, denominations,
etc., thereof; bonds to be deemed negotiable instruments; redemption. Bonds of the authority
may be sold from time to time as the board of directors may deem advantageous; provided, that
the aggregate principal amount of bonds of the authority which may be issued under this article
shall be limited to $20,000,000.00, but the said limitation shall not apply to refunding bonds
which may be issued under this article and also shall not apply to bonds of the authority
which may be issued under any other act which may at any time hereafter be enacted. The bonds
shall be in such forms and denominations and of such tenor and maturities, shall bear such
rate or rates of interest payable and evidenced in such manner and may contain other provisions
not inconsistent with this article as may be provided in the resolution or resolutions of
the board of directors of the authority wherein the bonds are...
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41-10-676
Section 41-10-676 Use of bond proceeds. (a) The proceeds derived from the sale of the bonds
shall be deposited in the State Treasury and shall be carried in a separate fund therein for
the account of the authority. The proceeds from the sale of the bonds remaining after payment
of the expenses of issuance thereof shall be retained in such fund and, until they are paid
out, shall be invested by the State Treasurer at the direction of the authority, in investments
that constitute permitted investments, as defined in the Enabling Act. Monies in such fund,
whether original proceeds from the sale of the bonds or earnings on such proceeds, shall be
paid out from time to time in orders or warrants issued by or on the direction of the authority
for any one or more of the purposes specified in Section 41-10-674 that may be deemed by the
authority to be necessary to comply with any and all commitments made by the state to any
company. (b) Notwithstanding subsection (a), the authority may use...
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14-2-19
Section 14-2-19 Bonds - Disposition of proceeds. (a) All proceeds derived from the sale of
any bonds, except refunding bonds, sold by the authority, remaining after payment of the expenses
of issuance thereof, shall be turned over to the State Treasurer, shall be carried in a special
account to the credit of the authority, and shall be subject to be drawn on by the authority
solely for the purposes of: (1) Acquiring land for and constructing, reconstructing and equipping
thereon one or more facilities; (2) Constructing additional improvements on property currently
owned by the Department of Corrections or the authority in order to provide for additional
bedspace; (3) Paying all reasonable and necessary expenses incidental thereto, including filing,
recording, surveying, legal and engineering fees and expenses; (4) Paying the interest which
will accrue on the said bonds during the period required for the construction and equipment
of the said facilities and for a period not exceeding...
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16-16A-9
Section 16-16A-9 Disposition of funds. (a) The proceeds derived from each sale of the Bonds
issued pursuant to this chapter shall be deposited in the State Treasury and shall be carried
in a separate fund therein for the account of the Authority, which shall pay the expenses
of issuance therefrom. The expenses of issuance of the Bonds shall be prorated among the recipients
of the proceeds from the sale of the Bonds in proportions they receive allocations of the
proceeds thereunder. The proceeds from the sale of the Bonds remaining after payment of the
expenses of issuance thereof shall be retained in said fund and, until they are paid out,
shall be invested by the State Treasurer at the direction of the Authority in Permitted Investments
maturing at such time or times as the Authority shall direct. (b) Proceeds from the sale of
the Bonds and the earnings thereon shall be paid out from time to time on orders or warrants
issued by or at the direction of the Authority for any one or more...
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2-3A-34
Section 2-3A-34 Expenses; disposition of proceeds. Upon order of the board of directors of
said authority, all expenses incurred in connection with the authorization, preparation, sale,
and issuance of bonds authorized herein and by Amendment 618 shall be paid out of the proceeds
thereof. The proceeds thereof remaining after payment of such expenses, together with the
income derived from the investment and reinvestment of such proceeds (including income derived
from the investment and reinvestment of previously derived income) shall be disbursed from
time to time on the order of said authority for payment of costs incurred in carrying out
the purposes authorized in said amendment, as follows: (1) the sum of $13,000,000 shall be
used for providing and improving animal diagnostic laboratories in the state in order to provide
improved animal health testing for livestock and poultry producers, veterinarians, animal
owners and animal-related businesses generally; (2) the sum of $18,200,000...
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41-10-656
Section 41-10-656 Use of bond proceeds. (a) The proceeds derived from the sale of the bonds
shall be deposited in the State Treasury and shall be carried in a separate fund therein for
the account of the authority. The proceeds from the sale of the bonds remaining after payment
of the expenses of issuance thereof shall be retained in such fund and, until they are paid
out, shall be invested by the State Treasurer at the direction of the authority, in investments
that constitute permitted investments, as defined in Division 1. Monies in such fund, whether
original proceeds from the sale of the bonds or principal proceeds of matured investments,
shall be paid out from time to time in orders or warrants issued by or on the direction of
the authority for any one or more of the purposes specified in Section 41-10-654 that may
be deemed by the authority to be necessary to comply with any and all commitments made by
the state to the company. (b) Notwithstanding subsection (a), the authority...
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11-61A-15
Section 11-61A-15 Issuance of bonds. (a) The authority may issue bonds under and secured by
an indenture between the authority and a trustee. The trustee may be a private person or corporation,
including, but not limited to, any trust company or bank having trust powers, whether the
bank or trust company is located within or without the state. (b) In any indenture or resolution
providing for the issuance of bonds, the authority may pledge, for payment of the principal
of and the interest on the bonds, any of its revenues to which its right then exists or may
subsequently come into existence and may assign, as security for the payment, any of its leases,
franchises, permits, and contracts. In any such indenture the authority may mortgage any of
its properties, including any properties subsequently acquired by it. Any pledge of revenues
shall be valid and binding from the time it is made, and the revenues pledged and subsequently
received by the authority, and any property of the...
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16-16B-9
Section 16-16B-9 (Implementation Conditioned on Separate Legislative Enactment.) Use of bond
proceeds. (a) The proceeds derived from each sale of the Bonds issued pursuant to this chapter
shall be deposited in the State Treasury and shall be carried in a separate fund therein for
the account of the Authority, which shall pay the expenses of issuance therefrom. The expenses
of issuance of the Bonds shall be prorated among the recipients of the proceeds from the sale
of the Bonds in proportions they receive allocations of the proceeds thereunder. The proceeds
from the sale of the Bonds remaining after payment of the expenses of issuance thereof shall
be retained in said fund and, until they are paid out, shall be invested by the State Treasurer
at the direction of the Authority in Permitted Investments maturing at such time or times
as the Authority shall direct. (b) Proceeds from the sale of the Bonds and the earnings thereon
shall be paid out from time to time on orders or warrants...
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2-3A-54
Section 2-3A-54 Expenses; disposition of proceeds. Upon order of the board of directors of
said authority, all expenses incurred in connection with the authorization, preparation, sale,
and issuance of bonds authorized herein and by Amendment 619 shall be paid out of the proceeds
thereof. The proceeds thereof remaining after payment of such expenses, together with the
income derived from the investment and reinvestment of such proceeds (including income derived
from the investment and reinvestment of previously derived income) shall be disbursed from
time to time on the order of said authority for payment of costs incurred in carrying out
the purposes authorized in said amendment, as follows: The sum of five million seven hundred
thousand dollars ($5,700,000) shall be used for the purpose of providing and the equipping
of a center for cotton, cotton products technology, and for its use as an educational, applied
research, and promotional facility in the field of textile and apparel...
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22-23A-4
Section 22-23A-4 Water Supply Assistance Fund established; deposits; expenditures; investments.
There is hereby established a special fund within the State Treasury to be known as the "Water
Supply Assistance Fund." Proceeds from the sale of bonds issued by the authority shall
be deposited in this special "Water Supply Assistance Fund." Money in such fund
shall be expended in accordance with adopted regulations and policies of the authority and
may be used to provide a loan or loans for community water system supply projects or to refinance
debt of community water systems or to secure principal and interest on bonds issued by the
authority. Money not currently needed for the operation of the Water Supply Assistance Fund
may be invested, from time to time, by the board and all interest earned on such investments
shall be credited to the Water Supply Assistance Fund. (Acts 1988, 1st Ex. Sess., No. 88-857,
p. 338, §4.)...
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