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33-2-69
Section 33-2-69 Disposition of proceeds from sale of bonds. The proceeds from the sale of any
of the bonds (other than refunding bonds) shall be paid into the State Treasury and kept by
the State Treasurer in a separate account and paid over to the secretary-treasurer of the
department from time to time in such amounts as shall be directed by the Governor, and the
money so paid over to the secretary-treasurer of the department shall be held and used only
for the accomplishment of the purposes of this article, and specifically for payment of the
cost of acquiring, by construction or otherwise, maintaining and operating, or any of them,
dock facilities along navigable streams and waterways now or hereafter existing within the
state, in aid of commerce and use of navigable waterways of the state. The cost of acquiring
any dock facilities that may be acquired with the proceeds of bonds issued under this article
shall be deemed to include, inter alia, (1) fees of engineers and attorneys and...
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33-2-99
Section 33-2-99 Disposition of proceeds from sale of bonds. The proceeds from the sale of any
of the bonds (other than refunding bonds) shall be paid into the State Treasury and kept by
the State Treasurer in a separate account and paid over to the secretary-treasurer of the
department from time to time in such amounts as shall be directed by the Governor and the
money so paid over to the secretary-treasurer of the department shall be held and used only
for the accomplishment of the purposes of this article, and specifically for payment of the
cost of acquiring, by construction or otherwise, maintaining and operating, or any of them,
dock facilities along navigable streams and waterways now or hereafter existing within the
state, in aid of commerce and use of navigable waterways of the state. The cost of acquiring
any dock facilities that may be acquired with the proceeds of bonds issued under this article
shall be deemed to include, inter alia, (1) fees of engineers and attorneys and...
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23-1-178
Section 23-1-178 Bonds - Disposition of proceeds. (a) The proceeds of all bonds, other than
refunding bonds, issued by the corporation remaining after paying the expenses of their issuance
shall be deposited in the State Treasury and credited to the Road and Bridge Fund, and shall
be subject to be drawn on by the corporation, upon the approval of the State Department of
Transportation, but solely for the purpose of constructing, reconstructing , or relocating
public roads and bridges, or work incidental or related thereto, including the acquisition
of property necessary therefor, in the State of Alabama; provided, that such funds may be
used only for payment of the state's share or the costs thereof to be paid by any county or
municipality within the state, of the cost of constructing, reconstructing, or relocating
public roads and bridges, or work incidental or related thereto, which have been or will be
constructed, reconstructed, or relocated under programs financed jointly by the...
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41-10-469
Section 41-10-469 Use of proceeds of refunding bonds. The proceeds of refunding bonds shall
be applied, together with any other moneys legally available therefor, to the payment of the
expenses authorized by this article and to the payment of the principal of, premium, if any,
and interest due and to become due on any outstanding bonds to be refunded thereby and, if
so required by resolution of the authority, shall be deposited in the State Treasury in an
interest account to pay interest on refunding bonds, and in the State Treasury in a reserve
account to further secure the payment of the principal of, premium, if any, and interest on
any refunding bonds. The expenses authorized by this article shall include, in addition to
expenses authorized by other sections hereof, all expenses that the board of directors may
deem necessary or advantageous in connection with the sale and issuance of such refunding
bonds, including without limitation, the expenses of selling and issuing such...
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14-2-19
Section 14-2-19 Bonds - Disposition of proceeds. (a) 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, shall be turned over to the State Treasurer, shall be carried 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: (1) Acquiring land for and constructing, reconstructing and equipping
thereon one or more facilities; (2) Constructing additional improvements on property currently
owned by the Department of Corrections or the authority in order to provide for additional
bedspace; (3) Paying all reasonable and necessary expenses incidental thereto, including filing,
recording, surveying, legal and engineering fees and expenses; (4) Paying the interest which
will accrue on the said bonds during the period required for the construction and equipment
of the said facilities and for a period not exceeding...
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23-6-2
Section 23-6-2 Purposes of public corporation; supervision of construction by State Department
of Transportation; department's power to assign, contract, etc., construction work; construction
of chapter. It is the intention of the Legislature to authorize the incorporation of a public
corporation for all of the following purposes: (1) To issue bonds to assure the availability
of funds for payment of the cost of constructing industrial access roads and bridges as shall
from time to time be constructed. (2) To use an annual appropriation from the state Public
Road and Bridge Fund to assure the availability of funds for the cost of constructing industrial
access roads and bridges as shall from time to time be constructed. (3) To construct industrial
access roads and bridges through a corporation to be composed of the officials whose incorporation
is hereby authorized. (4) To vest in the corporation all powers, authorities, rights, privileges,
and titles necessary to enable it to...
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41-10-506
Section 41-10-506 Disposition of proceeds of bonds. (a) 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, shall be turned over to the State Treasurer, 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: (1) Acquiring land for and constructing, reconstructing
and equipping thereon one or more facilities; (2) Paying all reasonable and necessary expenses
incidental thereto, including filing, recording, surveying, legal and engineering fees and
expenses; (3) Paying the interest which will accrue on the said bonds during the period required
for the construction and equipment of the said facilities and for a period not exceeding six
months after the completion thereof; and (4) Paying the principal of and interest on all then
outstanding notes theretofore issued by the authority...
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23-1-158
Section 23-1-158 Bonds - Disposition of proceeds. (a) The proceeds of all bonds, other than
refunding bonds, issued by the corporation, remaining after paying the expenses of their issuance,
shall be turned in to the Treasury or shall be deposited into such account or accounts as
specified in the resolution of the board of directors whereunder such bonds are authorized
to be issued, and shall be subject to be drawn on upon the approval of the Department of Transportation
solely for the purpose of constructing, reconstructing, and relocating public roads, bridges
and approaches thereto, tunnels, other public roadway improvements, or work incidental or
related thereto, in the State of Alabama, including the acquisition of property necessary
for such construction, reconstruction, and relocation and incidental and related work. If
action is necessary in order to comply with any federal legislation relating to federal aid
in construction of roads, the corporation may authorize the...
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41-10-270
Section 41-10-270 Use of proceeds from sale of bonds. All proceeds derived from the sale of
any bonds (except refunding bonds) by the authority remaining after payment of the expenses
of issuance thereof shall be turned over to the State Treasurer, shall be carried in a special
account of the State Treasury to the credit of the authority, and shall be subject to be drawn
on by the authority solely for the purposes of funding any required reserve fund, acquiring,
constructing, installing and equipping judicial facilities and paying all reasonable and necessary
expenses incidental thereto, including interest which shall accrue on said bonds during the
construction of said judicial facilities. Any balance of said proceeds thereafter remaining
shall, upon completion of said judicial facilities and the payment of all costs in connection
therewith, be used for the redemption of bonds of the authority at the earliest permissible
date. (Acts 1986, No. 86-420, p. 627, ยง11.)...
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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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