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22-3A-15
Section 22-3A-15 Disposition of proceeds of bonds; Public Health Facilities Building Fund;
powers of authority; improvement and construction defined; supervision; bidding. (a) The proceeds
of the bonds, other than refunding bonds, remaining after paying the expenses of their sale
and issuance shall be turned in to the State Treasury and all income derived from the investment
of said proceeds (including income from the investment of proceeds held in the Debt Service
Reserve Fund to the extent provided in the resolution, trust indenture or other documents
pursuant to which the bonds shall be issued) shall be carried in a special fund to be designated
the Public Health Facilities Building Fund, and shall be subject to be drawn on by the authority
for the purpose of paying the costs of acquiring, constructing, improving and equipping such
public health facilities in the state as shall be determined by the authority. Subject to
the provisions of Section 22-3A-19, the authority shall have...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-3A-15.htm - 3K - Match Info - Similar pages
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State Treasury, shall be credited to the Road and Bridge Fund and shall be subject to be withdrawn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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/23-1-313.htm - 3K - Match Info - Similar pages
16-1-40
Section 16-1-40 Education Trust Fund proration relief. (a) During fiscal year 2009 and any
fiscal year in which proration is declared by the Governor in an amount equal to or greater
than three percent, local boards of education, with the recommendation of the local superintendent,
may transfer Education Trust Fund line item appropriations including the Public School Fund,
except Public School Fund monies dedicated to a specific capital outlay project or debt service
and except for Alabama Public School and College Authority funds which are allocated for a
specific capital outlay project, between and among appropriated line item categories. No state
funds shall be transferred from funds appropriated for salaries, fringe benefits, or student
materials allocations. (b) Prior to any implementation of the flexibility provisions of this
section, the local board of education shall produce a plan indicating the source and amount
to be transferred from each line item and show that the transfer...
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41-10-468
Section 41-10-468 Use of proceeds from sale of bonds. All proceeds derived from the sale of
any bonds (except refunding bonds) sold by the authority remaining after payment of the expenses
of issuance thereof and the funding of any required reserve or replacement fund shall be turned
over to the State Treasurer, shall be carried by the State Treasurer 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 constructing, renovating, reconstructing, improving, altering, adding
to, demolishing, and equipping one or more public office buildings (including the State Capitol),
surfacing and resurfacing of land for parking and other uses to produce revenue, and all reasonable
and necessary expenses incidental thereto, including interest which shall accrue on said bonds
during the construction, renovation, reconstruction, improvement, alteration, addition, demolition,
and equipping of said buildings, surfacing and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-468.htm - 2K - Match Info - Similar pages
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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-60.htm - 3K - Match Info - Similar pages
16-28A-1
Section 16-28A-1 Legislative findings. It is the finding of the Alabama Legislature that the
people of Alabama have two basic expectations of their public schools: (1) that students be
allowed to learn in a safe classroom setting where order and discipline are maintained; and
(2) that students learn at the level of their capabilities and achieve accordingly. The Legislature
finds further that every child in Alabama is entitled to have access to a program of instruction
which gives him or her the right to learn in a non-disruptive environment. No student has
a right to be unruly in his or her classroom to the extent that such disruption denies fellow
students of their right to learn. The teacher in each classroom is expected to maintain order
and discipline. Teachers are hereby given the authority and responsibility to use appropriate
means of discipline up to and including corporal punishment as may be prescribed by the local
board of education. So long as teachers follow approved...
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22-23A-4
Section 22-23A-4 Water Supply Assistance Fund established; deposits; expenditures; investments.
There is hereby established a special fund within the State Treasury to be known as the "Water
Supply Assistance Fund." Proceeds from the sale of bonds issued by the authority shall
be deposited in this special "Water Supply Assistance Fund." Money in such fund
shall be expended in accordance with adopted regulations and policies of the authority and
may be used to provide a loan or loans for community water system supply projects or to refinance
debt of community water systems or to secure principal and interest on bonds issued by the
authority. Money not currently needed for the operation of the Water Supply Assistance Fund
may be invested, from time to time, by the board and all interest earned on such investments
shall be credited to the Water Supply Assistance Fund. (Acts 1988, 1st Ex. Sess., No. 88-857,
p. 338, ยง4.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-23A-4.htm - 1K - Match Info - Similar pages
40-21-123
Section 40-21-123 Dispositions of proceeds of tax. The tax herein levied shall be collected
and administered in accordance with the procedure set forth in Section 40-21-85, and for those
purposes the provisions of Section 40-21-85 are hereby incorporated into this section by reference.
All tax revenue and other funds received or collected under subsection (a) of Section 40-21-121
shall be deposited into the State Treasury and used for the following purposes: (1) So much
thereof as necessary is hereby appropriated to be used by the State Treasurer to pay at their
respective maturities the principal and interest due in the fiscal year on the outstanding
bonds issued by the Alabama Revolving Loan Fund Authority. (2) Beginning in March of 2002,
one-third of the remaining proceeds, plus $1 million in the fiscal year ending September 30,
2002, and $1.5 million each fiscal year thereafter, shall be credited to the Education Trust
Fund. (3) The residual balance thereof remaining shall be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-21-123.htm - 1K - Match Info - Similar pages
16-13-4
Section 16-13-4 Diversion of funds; payment of debt obligations. (a) It shall be unlawful for
any official in the State of Alabama having the custody of, or in any manner connected with
the handling or having the authority to direct the use of any of the public school funds arising
under the provisions of Sections 257, 258, 259 and 260 of the Constitution of Alabama to knowingly
or intentionally divert or permit to be diverted or to use or permit the use of these funds
or any part thereof for any purpose whatsoever except for the uses and purposes as set out
in these sections of the constitution, and such official violating this section shall be guilty
of a misdemeanor and, upon conviction, shall be fined not less than five hundred dollars ($500)
nor more than one thousand dollars ($1,000), and the Attorney General may also institute impeachment
proceedings against such official. (b) Nothing contained in this section shall be so construed
as to affect any appropriation heretofore made...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-13-4.htm - 2K - Match Info - Similar pages
16-22-13.4
Section 16-22-13.4 Fiscal year 2006-2007 adjustments. (a) PAY INCREASES, FY 2006-07. The State
Budget Officer shall allocate to the State Board of Education, the Board of Trustees of the
Alabama Institute for Deaf and Blind, the Board of Youth Services School District, the Board
of Directors of the Alabama School of Fine Arts, and the Board of Trustees of the Alabama
School of Mathematics and Science for disbursement to the employees thereof funds based on
the criteria established in this section. It is not the intent of this section to make appropriations,
but the appropriations required by this section shall be made in the annual budget act for
the public schools and colleges for the designated fiscal years. (1) Certificated personnel
(K-12). For the fiscal year beginning October 1, 2006, and each year thereafter, each certificated
employee at all city and county school systems and the teachers at the Department of Youth
Services School District shall receive a five percent salary...
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