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16-16B-3
Section 16-16B-3 (Implementation Conditioned on Separate Legislative Enactment.) Authorization
to issue additional bonds and purposes thereof. (a) The Authority is hereby authorized to
sell and issue its Bonds in the aggregate principal amount of up to $100,000,000 and to apply
the proceeds as provided in this chapter, to include the following purposes: Paying the costs
of acquisition and maintaining computer equipment, software, and digital textbooks for public
education purposes in the State. (b) The Bonds authorized by this chapter to be issued by
the Authority shall be in addition to all other bonds previously authorized to be issued by
it, and the powers conferred on the Authority by this chapter are in addition to all other
powers heretofore conferred on the Authority by acts heretofore enacted by the Legislature.
(Act 2012-560, p. 1645, ยง3.)...
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41-29-502
Section 41-29-502 Authorization to issue additional bonds; exemption from usury laws. (a) In
addition to all powers heretofore conferred on it by acts heretofore enacted by the Legislature
of Alabama, and in addition to all other powers conferred on it in this article, the authority
is hereby authorized to sell and issue its bonds, not exceeding one hundred million dollars
($100,000,000) in aggregate principal amount, for the purposes of making the grants of money
authorized in Section 41-29-503 hereof and to anticipate by the issuance of its bonds the
receipt of the revenues herein appropriated and pledged; provided the authority shall not
issue more than ten million dollars ($10,000,000) in aggregate principal amount of such bonds
in any two-year period; and provided there shall not be more than forty million dollars ($40,000,000)
in aggregate principal amount of such bonds, in addition to bonds heretofore issued by the
authority, outstanding at any one time, but excluding for this...
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16-16A-7
Section 16-16A-7 Additional findings; bonds authorized; procedures. (a) The Legislature finds
that the number of students attending the several school systems located in those areas of
North Alabama that will be directly impacted by the 2005 BRAC and Subsequent BRAC Actions
will collectively increase by an estimated 9,000 students. As a result, there will be a need
for the construction of additional school facilities as well as the renovation of existing
school facilities. The Legislature also finds that the 2005 BRAC and Subsequent BRAC Actions
will have a positive impact on future receipts to the Education Trust Fund, as the significant
population growth in North Alabama will increase sales, income, and other tax collections.
Thus, it is an efficient use of state funds to allow such revenue growth to help pay for capital
improvement costs associated with BRAC-related school construction. (b) The Alabama Public
School and College Authority is hereby authorized to sell and issue its...
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45-23A-93
Section 45-23A-93 Auxiliary communication services. (a) As used in this section, the word "city"
shall mean the City of Ozark in Dale County. (b)(I) In addition to all other powers, rights,
and authority heretofore granted by law, the city is authorized and empowered to acquire,
purchase, lease, construct, operate, maintain, enlarge, extend, and improve as part of the
system facilities for the provision to inhabitants of the city and surrounding territory of
auxiliary services which may be identified generally as any communication service, not including
cable television transmission, which shall include, but not be limited to, burglar alarm systems,
data transmissions, facsimile service, home shopping service, and any allied or similar communication
services. (2) The city shall provide, without the requirement of any franchise, to any requesting
communication company or utility regulated by the Public Service Commission, or any electric
cooperative organized under Chapter 6, Title 37,...
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14-2-12
Section 14-2-12 Bonds - Authorization. (a) For the purpose of providing funds for the acquisition
of sites, for the construction, reconstruction, alteration and improvement of facilities,
for the procurement and installation of equipment therefor and for payment of obligations
incurred and the principal of and interest on any temporary loans made for any of the said
purposes, the authority is hereby authorized, from time to time, to sell and issue, in addition
to all bonds heretofore authorized to be issued by the authority, its bonds in such aggregate
principal amounts as may be determined by the corporation to be necessary for the said purposes
but not to exceed $25,000,000, plus an additional seven million five hundred thousand dollars
($7,500,000) pursuant to Act 97-950, in aggregate principal amount. (b) In addition to the
authorization provided in subsection (a), the authority is hereby authorized, from time to
time, to sell and issue its bonds in amounts determined by the...
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41-10-268.1
Section 41-10-268.1 Issuance of bonds - 2007 authorization. (a) As used in this section, the
following terms shall have the following respective meanings: (1) "Authority" means
the Alabama Judicial Building Authority organized pursuant to the 1986 Act. (2) "1986
Act" means Act No. 86-420, enacted at the 1986 Regular Session of the Legislature of
Alabama and codified in this chapter (3) "Series 1996 Bonds" means the Alabama Judicial
Building Authority Revenue Refunding Bonds, Series 1996. (b) In addition to those bonds authorized
to be issued or refunded by the authority pursuant to the 1986 Act, the authority is hereby
authorized to sell and issue additional revenue bonds not to exceed an aggregate principal
amount of $10,000,000 for the purposes of providing funds for capital expenditures and for
the repair of the roof and other structural damage to the judicial building; provided, however,
that the additional bonds may only be issued if the authority refunds its Series 1996 Bonds
and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-268.1.htm - 1K - Match Info - Similar pages
16-16B-7
Section 16-16B-7 (Implementation Conditioned on Separate Legislative Enactment.) Bonds to be
payable solely out of the revenues appropriated; authorization for authority to pledge such
revenues for the bonds. The Bonds shall not be general obligations of the Authority but shall
be limited obligations payable solely out of the residues of the tax receipts appropriated
and pledged in Section 16-16B-6. All Bonds issued by the Authority pursuant to the provisions
of this chapter shall be solely and exclusively obligations of the Authority and shall not
constitute or create an obligation or debt of the State. As security for the payment of the
principal of, premium, if any, and interest on the Bonds, the Authority is hereby authorized
and empowered to pledge the residues of the tax receipts that are appropriated and pledged
in Section 16-16B-6 hereof for such purposes. All such pledges made by the Authority shall
take precedence in the order of the adoption of the resolutions containing the...
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45-4-244.20
Section 45-4-244.20 County sales tax to parallel state tax; exemptions; collection and disposition
of funds; enforcement. (a) All words, terms, and phrases that are defined in Article 1 of
Chapter 23 of Title 40 shall, where used in this section have the meanings respectively ascribed
to them in Article 1 except where the context herein clearly indicates a different meaning.
In addition, the following words, terms, and phrases where used in this section shall have
the following respective meanings except where the context clearly indicates a different meaning:
(1) STATE SALES TAX STATUTES. Article 1 of Chapter 23 of Title 40, which levies a retail sales
tax for state purposes, and includes all statutes, heretofore enacted, which expressly set
forth any exemptions from the computation of the tax levied in Article 1 and all other statutes
heretofore enacted which expressly apply to, or purport to affect, the administration of Article
1 and the incidence and collection of the tax imposed...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-4-244.20.htm - 14K - Match Info - Similar pages
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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11-86A-16
Section 11-86A-16 Application of proceeds from the sale of bonds; source of payment; pledge
of county's or municipality's credit; negotiability; exemption from taxation; pledge as security
for funds belonging to a public person; investment in bonds by fiduciaries; no public hearing
required; investment in bonds by Teachers' Retirement System of Alabama, the Employees' Retirement
System of Alabama, and the State Insurance Fund; investment in bonds by public persons. (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 provided in the proceedings authorizing their issuance,
interest on the 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...
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