14-2-20
Section 14-2-20 Bonds - Investment of proceeds. Any portion of the principal proceeds derived
from the sale of the bonds which the board of directors of the authority may determine is
not then needed for any of the purposes for which the bonds are authorized to be issued shall,
on order of the authority, be invested by the State Treasurer in any securities which are
direct and general obligations of the United States of America or the principal of and interest
on which are unconditionally and irrevocably guaranteed by the United States of America. Any
such securities may, at any time and from time to time on order of the authority, be sold
or otherwise converted by the State Treasurer into cash. The income derived from any such
investments shall be disbursed on order of the authority for any purpose for which it may
lawfully expend funds. (Acts 1965, No. 678, p. 1226, §15.)...
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41-10-463
Section 41-10-463 Investment of proceeds from sale of bonds. Any portion of the principal proceeds
derived from the sale of the bonds which the board of directors of the authority may determine
is not then needed for any of the purposes for which the bonds are authorized to be issued
shall, on order of the authority, be invested by the State Treasurer in permitted investments.
Any such securities may, at any time and from time to time on order of the authority, be sold
or otherwise converted by the State Treasurer into cash. The income derived from any such
investments shall be disbursed on order of the authority for any purpose for which the authority
may lawfully expend funds. (Acts 1990, No. 90-602, p. 1079, §14.)...
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33-16-13
Section 33-16-13 Bonds - Disposition of proceeds; investments. The authority shall pay out
of the proceeds from the sale of any of the bonds all expenses which the board of directors
may deem necessary or advantageous in connection with the sale and issuance of the bonds.
The proceeds from the sale of all bonds, other than refunding bonds, remaining after paying
the expenses of their sale and issuance shall be turned in to the State Treasury, shall be
carried in a special fund to be designated the Coosa Valley Development Authority fund, and
shall be subject to be drawn on by the authority, upon approval by the Governor, but solely
for the purpose of discharging the duties and obligations undertaken by the authority in connection
with the waterway project. The proceeds from the sale of any refunding bonds remaining after
the expense of their issuance shall be used only for the purpose of refunding the principal
of outstanding bonds issued hereunder and of paying any premium that may be...
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33-17-13
Section 33-17-13 Bonds - Disposition of proceeds; investments. The authority shall pay out
of the proceeds from the sale of any of the bonds all expenses which the board of directors
may deem necessary or advantageous in connection with the sale and issuance of the bonds.
The proceeds from the sale of all bonds, other than refunding bonds, remaining after paying
the expenses of their sale and issuance shall be turned in to the state treasury, shall be
carried in a special fund to be designated the Tombigbee Valley Development Authority Fund,
and shall be subject to be drawn on by the authority, upon approval by the Governor, but solely
for the purpose of discharging the duties and obligations undertaken by the authority in connection
with the waterway and the flood control project. The proceeds from the sale of any refunding
bonds remaining after the expense of their issuance shall be used only for the purpose of
refunding the principal of outstanding bonds issued hereunder and of...
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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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41-10-276
Section 41-10-276 Investment of proceeds from sale of bonds; disposition of investment income.
Any portion of the principal proceeds derived from the sale of the bonds which the board of
directors may determine is not then needed for any of the purposes for which the bonds are
authorized to be issued shall, on order of the authority, be invested by the State Treasurer
in permitted investments which mature at such time or times as the authority shall direct.
Any such investments may, at any time and from time to time on order of the authority, be
sold or otherwise converted by the State Treasurer into cash. The income derived from any
such investments shall be disbursed on order of the authority for any purpose for which it
may lawfully expend funds. (Acts 1986, No. 86-420, p. 627, §17.)...
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41-10-507
Section 41-10-507 Investment of proceeds. Any portion of the principal proceeds derived from
the sale of the bonds which the board of directors of the authority may determine is not then
needed for any of the purposes for which the bonds are authorized to be issued shall, on order
of the authority, be invested by the State Treasurer in permitted investments which mature
at such time or times as the authority shall direct. Any such investments may, at any time
and from time to time on order of the authority, be sold or otherwise converted by the State
Treasurer into cash. The income derived from any such investments shall be disbursed on order
of the authority for any purpose for which it may lawfully expend funds. (Acts 1990, No. 90-603,
p. 1094, §18.)...
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41-10-367
Section 41-10-367 Investment of surplus proceeds from sale of bonds; disbursement of income
derived from such investments. Any portion of the principal proceeds derived from the sale
of the bonds which the board of directors may determine is not then needed for any of the
purposes for which the bonds are authorized to be issued shall, on order of the authority,
be invested by the State Treasurer in permitted investments which mature at such time or times
as the authority shall direct. Any such investments may, at any time and from time to time
on order of the authority, be sold or otherwise converted by the State Treasurer into cash.
The income derived from any such investments shall be disbursed on order of the authority
for any purpose for which it may lawfully expend funds. (Acts 1988, No. 88-475, p. 739, §18.)...

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22-3A-18
Section 22-3A-18 Investment of proceeds from bond sale; when authorized; application of income.
Prior to the completion of all public health facilities described in Section 22-3A-19, any
portion of the principal proceeds derived from the sale of the bonds which the board of directors
may determine is not then needed for any of the purposes for which the bonds are authorized
to be issued shall, on order of the authority, be invested by the State Treasurer in permitted
investments which mature at such time or times as the authority shall direct. At any time
and from time to time on order of the authority, any such investments may be sold or otherwise
converted by the State Treasurer into cash. The income derived from any such investments shall
be applied first for the payment of the costs of providing the public health facilities described
in Section 22-3A-19 and, to the extent not needed for such purpose, such income may be disbursed
on order of the authority for any purpose for which...
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33-13-12
Section 33-13-12 Bonds - Disposition of proceeds; investments. The authority shall pay out
of the proceeds from the sale of any of the bonds (other than refunding bonds) those expenses
which the board of directors may deem necessary or advantageous in connection with the sale
or issuance thereof. The proceeds from the sale of all bonds, other than refunding bonds,
remaining after paying the expenses of their sale and issuance shall be turned in to the treasury
of the State Docks Department, shall be carried in a special fund therein and shall be subject
to be drawn on by the State Docks Department, upon the approval of the authority, but solely
for the respective purposes for which they were authorized to be issued, viz., payment of
costs incurred in the development, construction, improvement, expansion and modernization
(or any of them) of the state docks facilities at the Port of Mobile, as the state facilities
may from time to time exist. The proceeds from the sale of any refunding...
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