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41-29-506
purpose of providing funds to enable the authority to pay at their respective maturities the
principal of and interest on any bonds issued by it under the provisions of this article
and to accomplish the objects of this article, there are hereby irrevocably pledged
to such purpose and there are hereby appropriated so much as may be necessary for such purpose
of: (a) the residue of the receipts from the tax levied by Sections 40-25-2 and 40-25-41
after there shall have been taken therefrom the amount necessary for the purposes specified
in Section 40-25-23(1)b.1., as in existence prior to the effective
date of Act 91-635; and (b) any other revenues or receipts dedicated to the payment
of bonds of the authority, issued by it under the provisions of Act 91-635 or any subsequent
authorizing legislation. All moneys hereby appropriated and pledged shall constitute a sinking
fund for the purpose of paying the principal of and the interest on the bonds herein authorized.
(Act 2018-541, ยง4.)...
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16-16B-8
Section 16-16B-8 (Implementation Conditioned on Separate Legislative Enactment.)
Refunding bonds. For the purpose of refunding any Bonds or Refunding Bonds of the Authority
issued under the provisions of this chapter, the 1965 Act, the 1971
Acts, the 1973 Act, the 1978 Act, the 1985 Act, the 1990 Act,
the 1995 Act, the 1998 Act, the 1999 Act, the 2001 Act, the 2002
Act, the 2003 Act, the 2007 Act or any other act previously enacted, or any combination thereof,
whether such refunding shall occur before, at or after the maturity of the Bonds refunded
and for the purpose of paying all premiums and expenses of such refunding (including, but
not limited to, attorneys' fees, costs of printing the Refunding Bonds, fiscal agents' fees,
and accountants' fees), the Authority is hereby authorized to sell and issue its Refunding
Bonds. Such Refunding Bonds may be sold and issued from time to time, at public sale, on sealed
bids and on such other terms and conditions as the Authority shall...
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22-3A-16
Section 22-3A-16 Appropriation made; Debt Service Reserve Fund established. (a) For
the purpose of providing funds to enable the authority to pay on their respective due dates
the principal of and the interest and premium (if any) on any bonds issued by it under the
provisions of this chapter and to accomplish the objects of this chapter, there
is hereby irrevocably pledged to such purpose and there is hereby appropriated so much as
may be necessary for such purpose of the receipts from the incremental and additional excise
taxes or fees levied on the disposal of hazardous waste or hazardous substances by the provisions
of (i) the act resulting from the enactment of House Bill 310 introduced at the 1990
Regular Session of the Alabama Legislature (whether such bill is enacted before or after this
chapter) or (ii) any other statute, now or hereafter enacted, which appropriates or
pledges such a tax or fee for the payment of the principal of and the interest and premium
(if any) on bonds...
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22-30B-2.2
Section 22-30B-2.2 Pledge and appropriation of funds for Public Health Finance Authority. For
the purpose of providing funds, not to exceed $4,500,000.00 during any fiscal year of the
state, for the Alabama Public Health Finance Authority to pay at their respective maturities
the principal of premiums, if any, and interest on any bonds issued by it under the provisions
of Sections 22-3A-1 to 22-3A-24, inclusive, there is hereby irrevocably pledged for
said above purpose and hereby appropriated the annual amount necessary, not to exceed $4,500,000.00
during any fiscal year of the state, from the first receipts after payment of any guarantees
in Section 22-30B-2.1 of the fees that are levied on the disposal of waste, hazardous
waste or hazardous substances pursuant to this act and that were not theretofore appropriated
and paid into the General Fund of the State of Alabama (i.e., the amount resulting from the
additional fee of $72.00 per ton for all waste or substances disposed of at...
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40-25-23
Section 40-25-23 Disposition of funds. All revenues collected under the provisions
of this article, except as otherwise provided, shall be paid to the Department of Revenue
by check or draft made payable to the Treasurer of Alabama, and shall be distributed in the
following manner: (1) All of the revenue derived from the tax levied upon cigarettes
by Sections 40-25-2 and 40-25-41 shall be deposited in the State Treasury
and 38.82 percent of such revenue shall be divided as follows: a. Six and six one-hundredths
percent to the credit of the State Public Welfare Trust Fund, which is hereby appropriated
for general welfare purposes. In this section, "general welfare purposes" means:
1. The administration of public assistance as set out in Sections 38-2-5 and 38-4-1;
2. Services, including supplementation and supplementary services under the federal Social
Security Act, to or on behalf of persons to whom such public assistance may be given under
Section 38-4-1; 3. Services to and on behalf...
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23-1-181
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 GASOLINE TAX PROCEEDS. The entire proceeds from the highway gasoline tax less
the cost of collection and less any refunds of the proceeds pursuant to the provisions of
Chapter 17 of Title 40. (7) STATE'S SHARE OF THE NET GASOLINE
TAX PROCEEDS. The 45 percentum of the net gasoline tax proceeds allocated and appropriated
for state highway purposes in subsection (c) of Section 40-17-359. (b) For the...
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11-92A-23
Section 11-92A-23 Special reserve funds and applications for appropriations.
(a) In addition to all other powers at any time conferred upon an authority by law, an authority
may, in connection with the issuance of any bonds hereunder, create and establish one or more
special debt service reserve funds (a "debt service reserve fund"), and may pay
or cause to be paid into each debt service reserve fund (i) proceeds from bonds issued pursuant
hereto to the extent provided by the authority authorizing the issuance thereof; (ii) any
moneys appropriated and made available by the Legislature for the purpose of such fund; and
(iii) any other moneys that may be made available to the authority from any other source for
the purpose of such fund. All moneys held in a debt service reserve fund shall be used solely
for the payment of the principal of, premium, if any, and interest on bonds secured, in whole
or in part, by that fund when and as the same become due and payable as provided in the...
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41-10-541
(7) DEBT SERVICE. The principal of and interest (and premium, if any) on an obligation (including,
without limitation, any principal required to be paid prior to its stated maturity) and any
ongoing trustee or paying agent fees or fees of providers of credit enhancement or liquidity
facilities. (8) DEVELOPMENT AGENCY. A county, municipality, or industrial development authority
organized under Chapter 92A of Title 11; an industrial development
board organized under Article 4, Chapter 54 of Title 11,
or the State Industrial Development Authority. (9) DIRECTORS. The Board of Directors of the
Alabama Incentives Financing Authority. (10) ELIGIBLE INVESTMENTS. a. Bonds or other
obligations which as to principal and interest constitute direct obligations of, or are unconditionally
guaranteed by, the United States of America, including obligations of any federal agency to
the extent such obligations are unconditionally guaranteed by the United States of America
and any certificates or...
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16-16A-7
the Authority under this chapter or any prior act that may be outstanding at the time
of the delivery of the respective series of the Bonds authorized herein. (3) To the extent
and to the extent only that the revenues appropriated in the foregoing subdivisions (1)
and (2) of this subsection may not be sufficient to pay at their respective maturities the
principal of, premium, if any, and interest on the Bonds, the residue of the receipts from
the excise tax, "the sales tax," levied by Title 40, Chapter
23, Article 1, Division 1, as amended, "Article 1,"
after there shall have been taken from the residue the amounts appropriated for other educational
purposes in Section 40-23-35, which residue constitutes that portion of the
receipts from the sales tax that is now required by law to be paid into the Trust Fund, and
after there shall have been taken from the residue amounts sufficient to meet all prior charges
on the residue including such amounts as may be necessary to pay at their...
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41-10-44.6
Section 41-10-44.6 Project obligations generally. (a) Issuance of project obligations.
The authority is authorized and empowered to issue its project obligations from time to time
for the purpose of financing one or more projects in such aggregate principal amount as the
board of directors shall determine to be necessary to provide for all or a portion of the
project costs of the project or projects being financed and to pay the expenses of issuing
the project obligations. (b) Source of payment. All project obligations issued by the authority
shall be limited obligations of the authority payable solely from any combination of the following:
(1) The revenues and receipts of the authority derived from the financing agreement
or agreements entered into by the authority with respect to the project or projects financed
by such project obligations; (2) the income or proceeds realized by the authority under any
mortgage or other security granted to the authority; (3) amounts derived from any...
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