11-94-14
Section 11-94-14 Refunding bonds. An authority may at any time and from time to time issue
refunding bonds for the purpose of refunding the principal of and the interest on any bonds
of the authority theretofore issued hereunder and then outstanding, whether or not such principal
and interest shall have matured at the time of such refunding, and for the payment of any
expenses incurred in connection with such refunding and any premium necessary to be paid in
order to redeem, retire or purchase for retirement the bonds to be refunded. The proceeds
derived from the sale of any refunding bonds shall be used only for the purposes for which
the refunding bonds were authorized to be issued. Any such refunding may be effected either
by sale of the refunding bonds and the application of the proceeds thereof, or by exchange
of the refunding bonds for the bonds or interest coupons to be refunded thereby; provided
that the holders of any bonds or coupons so to be refunded shall not be compelled...
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4-3-19
Section 4-3-19 Refunding bonds. The authority may at any time and from time to time issue refunding
bonds for the purpose of refunding the principal of and the interest on any bonds of the authority
theretofore issued hereunder and then outstanding, whether or not such principal and interest
shall have matured at the time of such refunding and for the payment of any expenses incurred
in connection with such refunding and any premium necessary to be paid in order to redeem,
retire or purchase for retirement the bonds to be refunded. The proceeds derived from the
sale of any refunding bonds shall be used only for the purposes for which the refunding bonds
were authorized to be issued. Any such refunding may be effected either by sale of the refunding
bonds and the application of the proceeds thereof or by exchange of the refunding bonds for
the bonds or interest coupons to be refunded thereby; provided, that the holders of any bonds
or coupons so to be refunded shall not be compelled...
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45-37A-56.37
Section 45-37A-56.37 Refunding bonds. The authority may at any time and from time to time issue
refunding bonds for the purpose of refunding the principal of and the interest on any bonds
of the authority theretofore issued hereunder and then outstanding, whether or not such principal
and interest shall have matured at the time of such refunding, and for the payment of any
expenses incurred in connection with such refunding and any premium necessary to be paid in
order to redeem, retire, or purchase for retirement the bonds to be refunded. The proceeds
derived from the sale of any refunding bonds shall be used only for the purposes for which
the refunding bonds were authorized to be issued. Any such refunding may be effected either
by sale of the refunding bonds and the application of the proceeds thereof, or by exchange
of the refunding bonds for the bonds or interest coupons to be refunded thereby; provided
that the holders of any bonds or coupons so to be refunded shall not be...
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37-13-15
Section 37-13-15 Bonds of authority - Refunding bonds. An authority may at any time and from
time to time issue refunding bonds for the purpose of refunding the principal of and the interest
on any bonds of the authority theretofore issued hereunder and then outstanding, whether or
not such principal and interest shall have matured at the time of such refunding, and for
the payment of any expenses incurred in connection with such refunding and any premium necessary
to be paid in order to redeem, retire or purchase for retirement the bonds to be refunded.
The proceeds derived from the sale of any refunding bonds shall be used only for the purposes
for which the refunding bonds were authorized to be issued. Any such refunding may be effected
either by sale of the refunding bonds and the application of the proceeds thereof, or by exchange
of the refunding bonds for the bonds or coupons to be refunded thereby; provided that the
holders of any bonds or coupons so to be refunded shall not be...
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4-3-56
Section 4-3-56 Refunding bonds. The authority may at any time and from time to time issue refunding
bonds for the purpose of refunding or providing funds to pay the principal of and the interest
on any bonds of the authority theretofore issued under this article and then outstanding,
whether or not such principal or interest shall have matured at the time of such refunding,
and for the payment of any expenses incurred in connection with such refunding and any premium
necessary to be paid in order to redeem, retire or purchase for retirement the bonds to be
refunded. The proceeds derived from the sale of any refunding bonds shall be used only for
the purposes for which the refunding bonds were authorized to be issued. Any such refunding
may be effected either by sale of the refunding bonds and the application of the proceeds
thereof or by exchange of the refunding bonds for the bonds or interest coupons to be refunded
thereby; provided, that the holders of any bonds or coupons so to be...
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41-10-626
Section 41-10-626 Bonds of the authority. (a) General. The authority is authorized from time
to time to sell and issue its bonds in limited amounts and for the purpose of promoting economic
development and industrial recruitment as specified by the Legislature from time to time by
separate act, provided that refunding bonds may be issued by the authority pursuant to Section
41-10-627 without first obtaining separate authorization from the Legislature. (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...
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11-88-8
Section 11-88-8 Bonds of authority - Form, terms, denominations, etc.; sale; execution and
delivery; refunding; liability thereon; security for payment of principal and interest and
payment thereof generally; provisions in mortgages, deeds of trust or trust indentures executed
as security for payment of bonds generally. All bonds issued by the authority shall be signed
by the chairman of its board or other chief executive officer and attested by its secretary
and the seal of the authority shall be affixed thereto, and any interest coupons applicable
to the bonds of the authority shall be signed by the chairman of its board or other chief
executive officer; provided, that a facsimile of the signature of one, but not both, of said
officers may be printed or otherwise reproduced on any such bonds in lieu of his manually
signing the same, a facsimile of the seal of the authority may be printed or otherwise reproduced
on any such bonds in lieu of being manually affixed thereto and a...
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11-62-8
any authority may enter into contracts with the holders of any of its bonds or notes preventing
such authority from thereafter issuing general obligation bonds or notes or limiting the amount
of such bonds or notes that may thereafter be issued. To the extent permitted by any contracts
with the holders of outstanding bonds and notes and any other contractual obligations or requirements,
any authority may pledge any of its revenues or mortgage or assign any of its assets, whether
real or personal and whether tangible or intangible, to secure the payment of any of
its bonds or notes. (d) All obligations created or assumed by any authority and all bonds
or notes issued thereby shall be solely and exclusively an obligation of such authority and
shall not create an obligation or debt of the state, the determining municipality or any other
political subdivision of the state or public corporation or governmental agency existing under
the laws thereof; provided, that the provisions of this...
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16-18A-5
Section 16-18A-5 Revenue bonds - Issuance; negotiable, forms, terms, etc.; refunding bonds;
security. The authority shall have power and is hereby authorized from time to time to provide
by resolution for the issuance of negotiable revenue bonds for the purpose of paying all or
any part of the cost as herein defined of any of its projects. Such bonds may also be issued
to pay off, refund or refinance any outstanding bonds or other obligation of any nature owed
by the authority, whether or not such revenue bonds or other obligations shall then be subject
to redemption, and the authority may provide for such arrangements as it may determine for
the payment and security of the revenue bonds being issued or for the payment and security
of the revenue bonds or other obligations to be paid off, refunded or refinanced. The principal,
premium, if any, and interest of such revenue bonds shall be payable solely from the revenues,
receipts and earnings to be received by the authority in...
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16-16A-7
Section 16-16A-7 Additional findings; bonds authorized; procedures. (a) The Legislature finds
that the number of students attending the several school systems located in those areas of
North Alabama that will be directly impacted by the 2005 BRAC and Subsequent BRAC Actions
will collectively increase by an estimated 9,000 students. As a result, there will be a need
for the construction of additional school facilities as well as the renovation of existing
school facilities. The Legislature also finds that the 2005 BRAC and Subsequent BRAC Actions
will have a positive impact on future receipts to the Education Trust Fund, as the significant
population growth in North Alabama will increase sales, income, and other tax collections.
Thus, it is an efficient use of state funds to allow such revenue growth to help pay for capital
improvement costs associated with BRAC-related school construction. (b) The Alabama Public
School and College Authority is hereby authorized to sell and issue its...
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