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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41-10-60
Section 41-10-60 Disposition of proceeds from sale of bonds and refunding bonds. (a) The authority
shall pay out of the proceeds from the sale of any of the bonds all expenses, including fees
of agents and attorneys and other charges, which said board of directors may deem necessary
or advantageous in connection with the issuance of the bonds. The proceeds of the bonds, other
than refunding bonds, remaining after paying the expenses of their issuance shall be turned
over to the State Treasurer and shall be carried by him 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 acquiring real estate suitable for the purpose of the authority in Jefferson County, Alabama,
including all expenses reasonably necessary in connection with such acquisition, and erecting,
constructing and equipping on such real estate exhibition halls, buildings, warehouses, storage
facilities, parking areas and other structures and...
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2-6-78
Section 2-6-78 Disposition of proceeds from sale of securities. All proceeds derived from the
sale of any securities of the corporation, other than refunding securities, shall be deposited
in the State Treasury and carried in a special account or accounts, and may be withdrawn solely
for the purposes and in the amounts set out below: (1) No more than 60 percent of the said
proceeds shall be used for the acquisition, construction and installation of a market facility
by the Board of Agriculture and Industries. Withdrawals for such purpose shall be upon requisition
by or pursuant to authority of the Board of Agriculture and Industries addressed and presented
to the State Comptroller and paid out by the warrant of the Comptroller upon the State Treasury,
to be used only to pay the following: a. The cost of materials, supplies and labor used in
the construction of the market facility; b. The cost of acquisition and installation of equipment
for the market facility; c. The cost of acquiring...
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22-23B-2
Section 22-23B-2 Definitions. The following words and phrases, whenever used in this chapter,
shall have the following respective meanings unless the context clearly indicates otherwise:
AUTHORITY. The corporation organized pursuant to the provisions of this chapter as a public
corporation, agency and instrumentality of the state and known as the "Alabama Drinking
Water Finance Authority." AUTHORIZING RESOLUTION. A resolution, order or other proceedings
adopted by the board of directors of the authority authorizing the issuance of bonds, agreements
and related matters. BOARD OF DIRECTORS. The board of directors of the authority. BOND PROCEEDS.
The net proceeds of sale of bonds or notes, and the income derived from the investment of
such proceeds. BONDS. The bonds, notes or obligations or other evidences of indebtedness issued
by the authority under the provisions of this chapter. DEPARTMENT. The Alabama Department
of Environmental Management or any successor. FEDERAL ACT. The Act of...
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22-3A-8
Section 22-3A-8 Issuance of bonds. For the purposes of acquiring, constructing, installing
and equipping public health facilities, the authority is hereby authorized to issue and sell
from time to time its bonds, which bonds may be in the form of interest-bearing bonds or noninterest-bearing
bonds. Other than refunding bonds, the aggregate principal amount of bonds issued under this
chapter shall not exceed $45,000,000.00; provided, however, that, if the authority determines
that the total net amount of bond proceeds available to provide funds for paying the costs
of acquiring, constructing, improving, and equipping public health facilities (excluding underwriting
discount, other issuance expenses and 10 percent of the principal amount of such bonds to
be used to capitalize or fund a debt service reserve fund as authorized by Section 22-3A-16(b)),
plus the interest income, not exceeding $2,000,000.00, earned on such net amount of bond proceeds
pending expenditure thereof, will be less...
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11-88-7.1
Section 11-88-7.1 Additional powers. (a) Any authority organized or operating pursuant to Chapter
88 of Title 11 shall, in addition to all other powers now or hereafter granted by law, have
the following powers and rights: (1) To borrow money for temporary use for any of its corporate
purposes and, in evidence of such borrowing, to issue from time to time revenue bonds or notes
maturing not later than 36 months from the date of issuance. Any such temporary borrowing
may be made in anticipation of the sale and issuance of long-term revenue bonds, and in such
event, the principal proceeds from the sale of such long-term revenue bonds shall, to the
extent necessary, be used for payment of the principal of and the interest on the temporary
revenue bonds or notes issued in anticipation of the sale and issuance of such long-term revenue
bonds. Any such temporary borrowing may also be made with respect to a project simultaneously
with or after the sale and issuance of long-term revenue bonds...
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11-20-7
Section 11-20-7 Bonds - Disposition of proceeds from sale. The proceeds from the sale of any
bonds issued under authority of this article shall be applied only for the purpose for which
the bonds were issued; provided, however, that any accrued interest and premium received in
any such sale shall be applied to the payment of the principal of or the interest on the bonds
sold; and provided further, that if for any reason any portion of such proceeds shall not
be needed for the purpose for which the bonds were issued, then such unneeded portion of said
proceeds shall be applied to the payment of the principal of or the interest on said bonds.
The cost of acquiring any project shall be deemed to include the following: the actual cost
of the construction of any part of a project which may be constructed, including architect's
and engineer's fees; the purchase price of any part of a project that may be acquired by purchase;
all expenses in connection with the authorization, sale and...
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11-54-147
Section 11-54-147 Use of proceeds from sale of bonds; cost of acquiring project. The proceeds
from the sale of any bonds issued under authority of this article shall be applied only for
the purpose for which the bonds were issued; provided, however, that any accrued interest
and premium received in any such sale shall be applied to the payment of the principal of
or the interest on the bonds sold; and provided, further, that if for any reason any portion
of such proceeds shall not be needed for the purpose for which the bonds were issued, then
such unneeded portion of said proceeds shall be applied to the payment of the principal of
or the interest on said bonds. The cost of acquiring any project shall be deemed to include
the following: The actual cost of the construction of any part of a project which may be constructed,
including architect's and engineer's fees; the purchase price of any part of a project that
may be acquired by purchase; all expenses in connection with the...
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11-54-26
Section 11-54-26 Bonds - Disposition of proceeds from sale. (a) The proceeds from the sale
of any bonds issued under authority of this article shall be applied only for the purpose
for which the bonds were issued; provided, however, that any accrued interest and premium
received in any such sale shall be applied to the payment of the principal of or the interest
on the bonds sold; provided further, that if for any reason any portion of such proceeds shall
not be needed for the purpose for which the bonds were issued, then such unneeded portion
of said proceeds shall be applied to the payment of the principal of or the interest on said
bonds. (b) The cost of acquiring any project, which shall be paid from the proceeds derived
from the sale of bonds, shall be deemed to include the following: (1) The actual cost of the
construction of any part of a project which may be constructed, including architect's and
engineer's fees; (2) The purchase price of any part of a project that may be...
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11-55-5
Section 11-55-5 Bonds - Disposition of proceeds from sale. (a) The proceeds from the sale of
any bonds issued under authority of this chapter shall be applied only for the purpose for
which the bonds were issued; provided, however, that any accrued interest and premium received
in any such sale shall be applied to the payment of the principal of or the interest on the
bonds sold; provided further, that if for any reason any portion of such proceeds shall not
be needed for the purpose for which the bonds were issued, then such unneeded portion of said
proceeds shall be applied to the payment of the principal of or the interest on said bonds.
(b) The cost of acquiring any project, which shall be paid from the proceeds derived from
the sale of bonds, shall be deemed to include the following: (1) The actual cost of the construction
of any part of a project which may be constructed, including architect's and engineer's fees;
(2) The purchase price of any part of a project that may be...
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