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40-17-361
Section 40-17-361 Disposition of diesel proceeds. (a) The proceeds of the thirteen cents ($.13)
diesel excise tax imposed by this article, when collected, shall be applied as follows: (1)
For payment of the costs of collection thereof, being the amount appropriated for each fiscal
year by the Legislature to the department for the administration of this article. (2) For
payment of the principal of and interest on bonds issued after October 1, 1969, and prior
to December 1, 1977, by the Alabama Highway Authority, a public corporation and instrumentality
of the state, all in the manner and to the extent and subject to the priorities as to rank
as are provided in the respective statutes under which the bonds were issued. (3) For payment
of the principal of and interest on bonds and other obligations, including refunding obligations,
issued after December 1, 1977, by a public corporation existing at the time of issuance under
the laws of Alabama pursuant to then existing statutory or...
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40-17-359
Section 40-17-359 Distribution and use of proceeds. (a) For the purpose of this section, the
following terms shall have the meanings ascribed below: (1) BASE ANNUAL COUNTY DISTRIBUTION.
Five hundred fifty thousand dollars ($550,000). (2) COST OF COLLECTION. The amounts from the
proceeds of the highway gasoline tax that may be appropriated by the Legislature to the department
for its operating expenses. (3) COUNTY. Each county in the state. (4) FISCAL YEAR. The fiscal
year of the state. (5) DEPARTMENT OF TRANSPORTATION. The Department of Transportation of the
state. (6) HIGHWAY GASOLINE TAX. Both of the following: a. The excise tax levied under subdivision
(1) of subsection (a) of Section 40-17-325, with the exception of those portions of the tax
levied on aviation fuel and marine gasoline. b. The excise tax levied by Sections 40-17-140
to 40-17-155, inclusive, except that portion of the tax imposed on diesel fuel. (7) LOCAL
SUBDIVISIONS' SHARES OF THE NET TAX PROCEEDS. The 55 percent...
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9-16-12
Section 9-16-12 Disposition of fees and penalties. (a) All fees and penalties collected under
the provisions of this article shall be deposited in the General Fund of the State Treasury.
(b) All funds received from the forfeiture of bonds, sureties, cash, or governmental securities
shall be placed in the State Treasury and credited to a special agency account created and
designated as the Surface Mining Reclamation Fund. The department shall, for each bond, surety,
or deposit of cash or securities forfeited, utilize the proceeds of the forfeiture for the
reclamation of affected lands. The director may establish and carry out a systematic schedule
for the reclamation and revegetation of lands which have been affected by strip mining operations
and to which there is no obligation on any person to reclaim or revegetate. The department
may cause the reclamation work to be done by employees of other governmental agencies or through
contracts with qualified vendors. The department and any...
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11-8A-1
Section 11-8A-1 Definitions. As used in this chapter, the following words shall have the following
meanings: (1) BOND FINANCING AGREEMENT. An agreement or other document relating to the sale
or issuance of bonds including, but not limited to, a bond purchase agreement, a loan agreement,
a refinancing agreement, or documents providing for bonds sold or issued on a competitive
sale basis. (2) BONDS. Bonds, bond anticipation notes, warrants, warrant anticipation notes,
or indebtedness issued or entered into on behalf of the county or by the county commission
for a term of at least three years or more. (3) BUSINESS DAY. A day, other than a Saturday
or a Sunday, on which commercial banking institutions are open for business in the State of
Alabama and a day on which the payment system of the Federal Reserve System is operational.
(4) CAPITAL EXPENDITURE. Any cost or expense of a type that is properly chargeable to a capital
account under general federal income tax principles. (5) GENERAL...
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33-2-185
Section 33-2-185 Docks facilities revenue bonds and refunding bonds - Sale. Docks facilities
revenue bonds and refunding bonds may be sold by the department from time to time in series,
and if sold in more than one series may all be authorized in one initial order of the director
with the pledges therefor made in such initial order, notwithstanding that details applicable
to each series may be specified in the respective orders under which such series are issued.
Each series of the docks facilities revenue bonds or refunding bonds may be sold at public
or private sale, as determined by the director, at such price or prices as the director shall
determine, and if sold at public sale either on sealed bids or at public auction, to the bidder
whose bid reflects the lowest true interest cost to the department for the series of the docks
facilities revenue bonds or refunding bonds being sold, computed from the date of those at
the time being sold to their respective maturities and taking...
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16-18A-4
Section 16-18A-4 Powers and duties. The purpose of the authority shall be to assist institutions
for higher education in the construction, financing and refinancing of the projects. The exercise
by the authority of the powers conferred by this chapter shall be deemed and held to be the
performance of an essential public function. For the purpose of this chapter, the authority
shall have the powers and duties set forth in this section. (1) To adopt an official seal
and alter the same at its pleasure. (2) To sue and be sued in contract and in tort and to
complain and defend in all courts of law and equity. (3) To maintain an office at such place
or places as it may designate. (4) To determine the location and character of any project
financed under this chapter, to acquire, construct, reconstruct, remodel, maintain, manage,
enlarge, alter, add to, repair, operate, lease as lessee or lessor, sell or otherwise dispose
of, any project in any manner it deems to the best advantage of the...
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41-10-547
Section 41-10-547 Bonds of the authority. (a) The authority is authorized from time to time
to sell and issue its bonds for the purpose of financing project costs pertaining to one or
more projects or for the purpose of providing funds to pay training facility management fees,
or any combination of the foregoing including, without limitation, in the case of authority
obligations issued for the purpose of providing funds to pay training facility management
fees, costs, expenses, and other items of the type described in paragraphs g., h., i., and
j. of the definition of project costs in Section 41-10-541 or to enter into guaranty agreements
wherein the authority guarantees payment, in whole or in part, of debt service referable to
obligations issued by development agencies for the purpose of financing project costs pertaining
to one or more projects; provided, however, that the principal amount of authority obligations
shall not exceed three hundred million dollars ($300,000,000). For...
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22-29-21
Section 22-29-21 Grants to local public bodies - Powers of local public bodies. In order to
provide for the funding of the grant by the authority for a project to the local public body,
such local public body is hereby authorized and empowered, any existing statute to the contrary
notwithstanding, to do and perform any one or more of the following: (1) To obligate itself
to pay to the authority at periodic intervals a sum sufficient to provide bond service charges
with respect to the bonds of the authority issued to fund the grant for such project. (2)
To levy, collect and pay over to the authority and to obligate itself to continue to levy,
collect and pay over to the authority the proceeds of any one or more of the following: a.
Any sewer or waste disposal service fee or charge; b. Any privilege or license tax; or c.
Any special assessment on the property drained, served or benefited by the project. (3) To
undertake and obligate itself to pay its contractual obligation to the...
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23-7-2
Section 23-7-2 Definitions. For the purposes of this chapter, the following words shall have
the following meanings: (1) BANK. The Alabama Transportation Infrastructure Bank. (2) BOARD.
The board of directors of the bank. (3) BONDS. Includes bonds, notes, or other evidence of
indebtedness except as otherwise provided in this chapter. (4) DEPARTMENT or DEPARTMENT OF
TRANSPORTATION. The Alabama Department of Transportation. (5) ELIGIBLE COST. As applied to
a qualified project to be financed from the federal highway account, the costs that are permitted
under applicable federal laws, requirements, procedures, and guidelines in regard to establishing,
operating, and providing assistance from the bank. As applied to a qualified project to be
financed from the state highway account, these costs include the costs of preliminary engineering,
traffic, and revenue studies; environmental studies; right-of-way acquisition; legal and financial
services associated with the development of the...
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22-34-11
Section 22-34-11 Dedicated source of revenue to repay moneys; default; accounting standards.
(a) In order to provide for the funding of the loan by the authority for a project to the
public body, such public body shall establish a dedicated source of revenue to repay the moneys
received from the authority and to provide for operation, maintenance and equipment replacement
expenses. Such public body is hereby authorized and empowered, any existing statute to the
contrary notwithstanding, to do and perform any one or more of the following: (1) To obligate
itself to pay to the authority at periodic intervals a sum sufficient to provide bond debt
service with respect to the bonds of the authority issued to fund the loan for such project
and to pay over such debt service to the account of the project for deposit to the revolving
loan fund; (2) To levy, collect and pay over to the authority and to obligate itself to continue
to levy, collect and pay over to the authority the proceeds of any...
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