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33-2-10
Section 33-2-10 Cost of each unit to be ascertained, etc.; sinking fund. Immediately
upon the completion of each unit of development along its inland waterway system acquired
or erected pursuant to this article, the director of the Alabama State Docks Department shall
ascertain the cost of such unit, which cost shall be entered in the accounts kept by the State
Docks Department as a charge against capital account for that unit. After the first 12 months
from the completion of each unit pursuant to this article, one half of one percent of the
cost thereof, not exceeding one half of the gross income thereof during each month, shall
at the end of the month be credited to an account designated "sinking fund" and
shall be used from time to time only for the purpose of paying interest charges and of retiring,
by repurchase, bonds issued pursuant to this article at not more than par or by paying them
off as the same mature, until all bonds issued pursuant to this article shall have been...
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11-31-3
Section 11-31-3 Board of directors - Officers; meetings; powers; funding. (a)(1) The
board of directors of the authority may do all of the following: a. Appoint a chair from among
its membership, subject to an annual rotation of the chair position between or among the representative
members of the board from each county comprising the radio/alert notification communications
district in the case of a multi-county district. b. Appoint a vice chair from among its membership,
provided that in the case of a multi-county district, the vice chair shall be a representative
of a county other than the one represented by the chair. c. Appoint other officers from among
its membership as it may deem necessary from among the membership of the board. (2) A majority
of the directors shall constitute a quorum for the purpose of conducting business. (b) The
authority shall have all of the following powers: (1) Employ such employees, experts, and
consultants as it deems necessary to assist the board in...
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11-50B-9
Section 11-50B-9 Funding. (a) In order to provide funds for payment of the costs of
the acquisition, establishment, purchase, construction, maintenance, enlargement, extension,
lease, or improvement of cable systems, telecommunications equipment, and telecommunications
systems, public providers, within the limitations applicable under the Constitution of Alabama
of 1901, may become indebted in an amount not to exceed the costs and the costs incurred in
issuing the indebtedness and, in evidence thereof, issue the public provider's bonds or other
evidences of indebtedness, as the case may be, in the manner, tenor, and form as may be otherwise
provided by law, for the issuance of the public provider's warrants, bonds, or other evidences
of indebtedness generally. The warrants, bonds, or other evidences of indebtedness issued
pursuant to this section shall be payable solely from the revenues derived or to be
derived from the operation of the systems or equipment and shall not have a...
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11-54-31
Section 11-54-31 Exemption from taxation of projects, bonds, etc. The bonds authorized
by this article and the income therefrom, all mortgages executed as security therefor, all
lease agreements made pursuant to the provisions of this article, and all projects and the
revenue derived from any lease thereof shall be exempt from all taxation in the State of Alabama.
(Acts 1951, No. 756, p. 1307, §11.)...
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11-55-11
Section 11-55-11 Exemption from taxation of projects, bonds, etc. The bonds authorized
by this chapter and the income therefrom, all mortgages executed as security therefor, all
lease agreements made pursuant to the provisions of this chapter and all projects and the
revenues derived from any lease thereof shall be exempt from all taxation in the State of
Alabama. (Acts 1955, No. 491, p. 1107, §10.)...
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11-8A-1
Section 11-8A-1 Definitions. As used in this chapter, the following words shall have
the following meanings: (1) BOND FINANCING AGREEMENT. An agreement or other document relating
to the sale or issuance of bonds including, but not limited to, a bond purchase agreement,
a loan agreement, a refinancing agreement, or documents providing for bonds sold or issued
on a competitive sale basis. (2) BONDS. Bonds, bond anticipation notes, warrants, warrant
anticipation notes, or indebtedness issued or entered into on behalf of the county or by the
county commission for a term of at least three years or more. (3) BUSINESS DAY. A day, other
than a Saturday or a Sunday, on which commercial banking institutions are open for business
in the State of Alabama and a day on which the payment system of the Federal Reserve System
is operational. (4) CAPITAL EXPENDITURE. Any cost or expense of a type that is properly chargeable
to a capital account under general federal income tax principles. (5) GENERAL...
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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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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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41-10-28
Section 41-10-28 Execution of bonds and interest coupons; form, terms, denominations,
etc., of bonds; sale; refunding bonds; liability upon bonds; pledges of certain funds as security
for payment of principal and interest on bonds generally; bonds to be deemed negotiable instruments;
bonds and income therefrom exempt from taxation; use of bonds as security for deposits of
funds of state, etc.; investment of certain state funds and private trust funds in bonds;
public hearing or consent of Department of Finance, etc., not a prerequisite to issuance of
bonds. The bonds of the authority shall be signed by its president and attested by its secretary,
and the seal of the authority shall be affixed thereto, and any interest coupons applicable
to such bonds shall be signed by the president; 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 being manually subscribed thereon, a facsimile of the...
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41-10-458.1
Section 41-10-458.1 Definitions; additional authorization. (a) Definitions. The following
terms, whenever used in Act 98-245, shall have the following respective meanings unless the
context clearly indicates otherwise: (1) "Authority" means Alabama Building Renovation
Finance Authority established pursuant to the 1990 Act. (2) "Bonds" (except where
that word is used with reference to bonds issued under another act) means those bonds authorized
to be issued pursuant to the authorization contained in Act 98-245. (3) "1990 Act"
means Act No. 90-602 enacted at the 1990 Regular Session of the Legislature of Alabama, codified
as Article 14 of Chapter 10 of Title 41. (b) In addition to those bonds authorized to be issued
by the authority pursuant to the 1990 Act, the authority is hereby authorized to sell and
issue its bonds in the aggregate principal amount of twelve million dollars ($12,000,000)
for the purpose of constructing and equipping a new west wing for the Alabama Memorial Building,...
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