23-1-313
Section 23-1-313 Bonds and notes - Disposition of proceeds from sale. The authority shall pay
out of the proceeds from the sale of the obligations authorized by this article all expenses
that the board of directors may deem necessary and advantageous in connection with the sale
and issuance thereof. The proceeds from the issue of any obligations authorized by this article,
(i) except the proceeds of bonds which were issued to pay principal and interest of temporary
bonds or notes and in anticipation of which such temporary bonds or notes shall have been
issued, and (ii) except the proceeds of refunding bonds issued to refund any outstanding obligation,
remaining after paying the expenses of their sale and issuance, shall be deposited in the
State Treasury, shall be credited to the Road and Bridge Fund and shall be subject to be withdrawn
by the authority, upon the approval of the State Department of Transportation and the Governor,
but only for the purpose of paying the federal share...
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11-92A-16
Section 11-92A-16 Use of bonds, proceeds, etc. (a) The proceeds from the sale of any bonds
shall be applied as provided in the proceedings in which the bonds are authorized to be issued,
including without limitation, the payment of all legal, fiscal, and recording fees and expenses
incurred in connection with the authorization, sale, and issuance of the bonds and, if so
provided in the proceedings authorizing their issuance, interest on said bonds (or if only
a part of any issue of bonds is issued for acquisition purposes, interest on that portion
of the bonds of that issue that is issued to pay acquisition costs) for a reasonable period
prior to and during the time required for the acquisition, construction, and equipping of
the project. An authority may provide in the proceedings authorizing the issuance of bonds
for the funding of a debt service reserve and/or a replacement and extension reserve from
the proceeds of its bonds. (b) All contracts made by an authority and all bonds...
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11-54A-18
Section 11-54A-18 Freedom of authority from state supervision and control. This chapter is
intended to aid the state through the furtherance of the purposes of the chapter by providing
an appropriate and independent instrumentality of the state with full and adequate powers
to fulfill its functions. Except as expressly provided in this chapter, no proceeding, notice,
or approval shall be required for the incorporation of the authority or the amendment of its
certificate of incorporation, the issuance of any bonds, the execution of any mortgage and
deed of trust or trust indenture, or the exercise of any other of its powers by the authority.
Neither a public hearing nor the consent of the State Department of Finance shall be prerequisite
to the issuance of bonds by the authority. The authority shall hold a public hearing before
approving or obligating the expenditure of any tax revenues received by the authority from
the city, any county, the state or federal governments. Such notice...
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41-10-38
Section 41-10-38 Allocation formulae. (a) The state ceiling for calendar year 1989 and thereafter
is hereby allocated in its entirety to the state, and no other governmental unit, issuer,
or other entity of any type shall have or utilize any portion of the state ceiling for such
year except in accordance with this division. The state ceiling for calendar year 1989 and
thereafter shall be redistributed by the authority to issuers of affected bonds in the chronological
order of receipt of completed applications, subject to the limitations, reservations and further
provisions of this subsection. (1) There is hereby reserved for Alabama Housing Finance Authority
25 percent of the state ceiling for each calendar year, to be used for the issuance of exempt
facility bonds for qualified residential rental projects and for the issuance of qualified
mortgage bonds, in such relative principal amounts as shall be determined by the Board of
Directors of Alabama Housing Finance Authority. The...
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41-10-633
Section 41-10-633 Notice and hearing not required. Except as may be expressly provided in this
division, no proceeding, notice, or approval shall be required for the issuance of any bonds
by the authority, the execution of any mortgage and deed of trust, trust indenture, or other
document, or the exercise of any other of the powers of the authority. Neither a public hearing
nor the consent of the Department of Finance shall be prerequisite to the issuance of bonds
by the authority. (Act 99-353, p. 538, §14.)...
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45-23A-91.17
Section 45-23A-91.17 Freedom of authority from state supervision and control. This part is
intended to aid the state through the furtherance of the purposes of the part by providing
an appropriate and independent instrumentality of the state with full and adequate powers
to fulfill its functions. Except as expressly provided in this part, no proceeding, notice,
or approval shall be required for the incorporation of the authority or the amendment of its
certificate of incorporation, the issuance of any bonds, the execution of any mortgage and
deed of trust or trust indenture, or the exercise of any other of its powers by the authority.
Neither a public hearing nor the consent of the State Department of Finance shall be a prerequisite
to the issuance of bonds by the authority. The authority shall hold a public hearing before
approving or obligating the expenditure of any tax revenues received by the authority from
the city, any county, the state, or federal governments. Such notice shall...
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45-35A-52.17
Section 45-35A-52.17 Freedom of authority from state supervision and control. (a) This part
is intended to aid the state through the furtherance of the purposes of this part by providing
an appropriate and independent instrumentality of the state with full and adequate powers
to fulfill its functions. Except as expressly provided in this part, no proceeding, notice,
or approval shall be required for the incorporation of the authority or the amendment of its
certificate of incorporation, the issuance of any bonds, the execution of any mortgage and
deed of trust or trust indenture, or the exercise of any other of its powers by the authority.
Neither a public hearing nor the consent of the State Department of Finance shall be prerequisite
to the issuance of bonds by the authority. (b) The authority shall hold a public hearing before
approving or obligating the expenditure of any tax revenues received by the authority from
the city, any county, the state, or federal governments. Such...
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45-41A-10.17
Section 45-41A-10.17 Freedom of the authority from state supervision and control. This part
is intended to aid the state through the furtherance of the purposes of the part by providing
an appropriate and independent instrumentality of the state with full and adequate powers
to fulfill its functions. Except as expressly provided in this part, no proceeding, notice,
or approval shall be required for the incorporation of the authority or the amendment of its
certification of incorporation, the issuance of any bonds, the execution of any mortgage and
deed of trust or trust indenture, or the exercise of any other of its powers by the authority.
Neither a public hearing nor the consent of the State Department of Finance shall be prerequisite
to the issuance of bonds by the authority. The authority shall hold a public hearing before
approving or obligating the expenditure of any tax revenues received by the authority from
the city, any county, the state, or federal governments. Such notice...
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45-41A-40.17
Section 45-41A-40.17 Freedom of the authority from state supervision and control. This part
is intended to aid the state through the furtherance of the purposes of this part by providing
an appropriate and independent instrumentality of the state with full and adequate powers
to fulfill its functions. Except as expressly provided in this part, no proceeding, notice,
or approval shall be required for the incorporation of the authority or the amendment of its
certificate of incorporation, the issuance of any bonds, the execution of any mortgage and
deed of trust or trust indenture, or the exercise of any other of its powers by the authority.
Neither a public hearing nor the consent of the State Department of Finance shall be a prerequisite
to the issuance of bonds by the authority. The authority shall hold a public hearing before
approving or obligating the expenditure of any tax revenues received by the authority from
the city, any county, the state, or federal governments. Such notice...
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45-8A-111.17
Section 45-8A-111.17 Freedom of authority from state supervision and control. This part is
intended to aid the state through the furtherance of the purposes of the part by providing
an appropriate and independent instrumentality of the state with full and adequate powers
to fulfill its functions. Except as expressly provided in this part, no proceeding, notice,
or approval shall be required for the incorporation of the authority or the amendment of its
certificate of incorporation, the issuance of any bonds, the execution of any mortgage and
deed of trust or trust indenture, or the exercise of any other of its powers by the authority.
Neither a public hearing nor the consent of the State Department of Finance shall be a prerequisite
to the issuance of bonds by the authority. The authority shall hold a public hearing before
approving or obligating the expenditure of any tax revenues received by the authority from
the city, any county, the state, or federal governments. Such notice shall...
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