14-2-16
Section 14-2-16 Bonds - Sale. Bonds of the authority may be sold at such price or prices and
at such time or times as the board of directors of the authority may consider advantageous,
either at public sale or private sale. Bonds of the authority sold by competitive bid must
be sold, whether on sealed bids or at public auction, to the bidder whose bid reflects the
lowest effective borrowing cost to the authority for the bonds being sold; provided, that
if no bid acceptable to the authority is received, it may reject all bids. Notice of each
such sale by competitive bids shall be given by publication in either a financial journal
or a financial newspaper published in the City of New York, New York, and also by publication
in a newspaper published in the State of Alabama, each of which notices must be published
at least one time not less than 10 days before the date for the sale. The board of directors
may fix the terms and conditions under which such sale may be held; provided, that...
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22-34-8
Section 22-34-8 Sale of bonds. The bonds and other evidences of indebtedness of the authority
may be sold at such time or times as the board of directors may deem advantageous. The bonds
may be sold at private or public sale. Bonds sold at public sale shall be awarded to the bidder
whose bid reflects the lowest net interest cost to the authority for the bonds being sold,
computed to their respective absolute maturities; provided, that if no bid acceptable to the
authority is received, it may reject all bids and readvertise. Notice of any public sale shall
be given by such publication or by such distribution of notices of sale or both, as the board
of directors may determine subject to state law. The authority may pay from the proceeds of
the sale of its bonds all expenses, including publication and printing charges, attorney's
fees, financial advisory fees, and other expenses which the board of directors may deem necessary
or advantageous in connection with the authorization,...
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22-29-9
Section 22-29-9 Bonds - Procedure for sale. The bonds of the authority may be sold at such
time or times as the board of directors may deem advantageous; but unless sold to a local
public body or to the United States of America or an agency of the United States of America,
such bonds shall be sold at public sale, either on sealed bids or at public auction, to the
bidder whose bid reflects the lowest net interest cost to the authority for the bonds being
sold, computed to their respective absolute maturities; provided, that if no bid acceptable
to the authority is received, it may reject all bids and readvertise; provided further, that
if no bid shall be received, the authority may negotiate for a private sale of the bonds.
Notice of any public sale shall be given by such publication or by such distribution of notices
of sale, or both, as the board of directors may determine. The authority may pay from the
proceeds of the sale of its bonds all expenses, including publication and...
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41-10-503
Section 41-10-503 Sale of bonds. Bonds of the authority may be sold at such price or prices
and at such time or times as the board of directors of the authority may consider advantageous,
at public or private sale. If bonds are to be sold by competitive bid on sealed bids or at
public auction, the bonds may be sold only to the bidder whose bid reflects the lowest effective
borrowing cost to the authority for the bonds being sold; provided, that if no bid acceptable
to the authority is received, it may reject all bids. Notice of each such sale by competitive
bids shall be given by publication in either a financial journal or a financial newspaper
published in the City of New York, New York, and also by publication in a newspaper published
in the State of Alabama, each of which notices must be published at least one time not less
than 10 days before the date fixed for such sale. The board of directors may fix the terms
and conditions under which such sale by competitive bids may be held;...
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41-10-313
Section 41-10-313 Price of bonds; competitive bidding; notice of sale; expenses of sale. Bonds
of the authority may be sold at such price or prices and at such time or times as the board
of directors of the authority may consider advantageous, at public or private sale. If bonds
are to be sold by competitive bid on sealed bids or at public auction, the bonds may be sold
only to the bidder whose bid reflects the lowest effective borrowing cost to the authority
for the bonds being sold; provided, that if no bid acceptable to the authority is received,
it may reject all bids. Notice of each such sale by competitive bids shall be given by publication
in either a financial journal or a financial newspaper published in the City of New York,
New York, and also by publication in a newspaper published in the State of Alabama, each of
which notices must be published at least one time not less than 10 days before the date fixed
for such sale. The board of directors may fix the terms and...
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41-10-58
Section 41-10-58 Sale of bonds; public hearing or consent of Department of Finance, etc., not
a prerequisite to issuance of bonds. (a) Any of the bonds may be sold at any time and from
time to time as said board of directors may deem advantageous. The bonds must be sold only
at public sale, either on sealed bids or at public auction, to the bidder whose bid reflects
the lowest net interest cost to the authority for the bonds being sold, computed from the
date of those at the time being sold to their respective maturities; provided, that if no
bid acceptable to the authority is received, it may reject all bids. Notice of each such sale
must be given by publication in either a financial journal or a financial newspaper published
in the City of New York, New York, and also by publication in a newspaper published in this
state which is customarily published not less often than six days during each calendar week,
each of which notices must be published at least one time not less than 10...
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22-23A-8
Section 22-23A-8 Bonds - Procedure for sale. The bonds and other evidences of indebtedness
of the authority may be sold at such time or times as the board of directors may deem advantageous.
The bonds shall be sold by competitive sale unless because of market conditions and/or credit
structures such a sale would be disadvantageous to the state. In the event such a determination
is made by the board of directors, the bonds shall be sold through a negotiated sale and the
managing underwriter(s) shall be selected based on criteria, which shall include but not be
limited to, experience, ability, responsiveness, and fee structure. Said criteria shall be
established by the board of directors and shall be included in a request for proposals for
the managing underwriter(s). Bonds sold at public sale shall be awarded to the bidder whose
bid reflects the lowest true interest cost to the authority for the bonds being sold, computed
to their respective absolute maturities; provided, that if no bid...
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41-10-360
Section 41-10-360 Sale of bonds at public auction; rejection of bids; notice of sale; terms
and conditions of sale; expenses, fees, etc.; recital that bonds issued pursuant to article.
Each series of the bonds shall be sold at such time or times as the directors may determine
at public sale pursuant to competitive bidding, either on sealed bids or at public auction,
to the bidder whose bid reflects the lowest total net interest cost to the authority for the
bonds being sold, computed from the date of those at the time being sold to their respective
maturities; provided, that if no bid acceptable to the authority is received it may reject
all bids. Notice of the sale of any bonds at public sale shall be given either (1) by publication
in either a financial journal or a financial newspaper published in the City of New York,
New York, or (2) by publication in a newspaper published in the state which is customarily
published not less often than six days during each calendar week, which...
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22-23B-7
Section 22-23B-7 Purpose; issuing, selling and refunding of bonds. For the purpose of providing
funds for the authority to make loans to public bodies for a project or projects, or for the
payment of obligations incurred or temporary loans made for any of said purposes, the authority
is hereby authorized, from time to time, to issue and sell its bonds or other evidences of
indebtedness. Such bonds may be issued in one or more series; shall be in such form and denominations
and of such terms and maturities, not exceeding 30 years from the date of issue of each series;
shall bear such rate or rates of interest, payable and evidenced in such manner; may contain
such provisions for registration or for redemption prior to maturity; and may contain such
other provisions not inconsistent herewith, all as may be provided by the authorizing resolution.
As security for the payment of the principal of and interest on its bonds, the authority is
authorized to pledge, transfer and assign any...
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16-16-9
Section 16-16-9 Execution, form, terms and conditions of bonds; sale; refunding bonds; bonds
to be limited obligations; security for payment; bonds as negotiable instruments; exemption
from taxation; bonds as security for deposits and for investment of fiduciary funds. (a) 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 the 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 facsimile of the president's signature may be printed or otherwise reproduced on any
such interest coupons in lieu of his manually signing the same. (b) Any bonds...
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