16-16-14
Section 16-16-14 Use of bond proceeds for loans to local boards of education. The proceeds
derived from the sale of any bonds issued pursuant to subsection (b) of Section 3 of Act 98-373
shall be deposited in the State Treasury and shall be carried in a separate fund therein for
the account of the authority, which shall pay therefrom the expenses of issuance thereof.
The proceeds from the sale of the bonds remaining after payment of the expenses of issuance
thereof shall be retained in such fund and, until they are paid out, shall be invested by
the State Treasurer at the direction of the authority in permitted investments which mature
at such time or times as the authority shall direct. Monies in the fund (whether original
proceeds from the sale of the bonds or principal proceeds of matured permitted investments)
shall be available for loan by the authority. The authority is hereby authorized to loan,
and each local board of education is hereby authorized to borrow, such monies under...
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33-2-39
Section 33-2-39 Disposition of proceeds from sale of bonds. The proceeds from the sale of any
of the 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 shall be deemed to include, inter
alia, (1) fees of engineers and attorneys and other expenses incidental to such acquisition;
(2) the cost of issuing those of the bonds that may be...
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11-54-89
Section 11-54-89 Bonds - Form, terms, denominations, etc.; execution, sale, delivery, redemption,
etc.; refunding of bonds. All bonds issued by the industrial development board shall be payable
solely out of the revenues and receipts derived from the leasing or sale by the board of its
projects or of any thereof as may be designated in the proceedings of the board of directors
under which the bonds shall be authorized to be issued. Such bonds may be executed and delivered
by the board at any time and from time to time, may be in such form and denominations and
of such tenor and maturities, may be in registered or bearer form either as to principal or
interest or both, may be payable in such installments and at such time or times, not exceeding
40 years from the date thereof, may be payable at such place or places whether within or without
the State of Alabama, may bear interest at such rate or rates payable at such time or times
and at such place or places and evidenced in such manner,...
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41-10-626
Section 41-10-626 Bonds of the authority. (a) General. The authority is authorized from time
to time to sell and issue its bonds in limited amounts and for the purpose of promoting economic
development and industrial recruitment as specified by the Legislature from time to time by
separate act, provided that refunding bonds may be issued by the authority pursuant to Section
41-10-627 without first obtaining separate authorization from the Legislature. (b) Sources
of payment. Bonds issued by the authority shall be solely and exclusively an obligation of
the authority and shall not create an obligation or debt of the state. Such bonds shall not
be general obligations of the authority but shall be payable solely from one or more of the
following sources: (1) Appropriated funds. (2) The income or proceeds realized by the authority
under any mortgage or security granted to the authority. (3) Amounts derived from any letter
of credit, insurance policy, or other form of credit enhancement...
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11-22-9
Section 11-22-9 Bond issues - Funds for payment; execution; form; redemption; sale; refunding;
negotiable instruments. (a) All bonds issued by the corporation shall be payable solely out
of the revenues and receipts derived from the operation, leasing or sale by the corporation
of its projects or of any thereof as may be designated in the proceedings of the board of
directors under which the bonds shall be authorized to be issued. (b) Such bonds may be executed
and delivered by the corporation at any time and from time to time, may be in such form and
denominations and of such tenor and maturities, may be in registered or bearer form either
as to principal or interest or both, may be payable at such time or times not exceeding 40
years from the date thereof, may be payable at such place or places whether within or without
the State of Alabama, may bear interest at such rate or rates payable at such time or times
and at such place or places and evidenced in such manner, may be executed...
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45-46-90.11
Section 45-46-90.11 Proceeds from the sale of bonds. All moneys derived from the sale of any
bonds issued by the authority shall be used solely for the purpose or purposes for which the
same are authorized and any costs and expenses incidental thereto; provided, however, site
preparation grants for industrial development shall not be included as a part of such costs
and expenses. Such costs and expenses may include, but shall not be limited to, all of the
following: (1) The fiscal, engineering, legal, and other expenses incurred in connection with
the issuance of the bonds. (2) In the case of bonds issued to pay costs of acquiring or constructing
all or any part of any facility, interest on such bonds (or if a part only of any series of
bonds is issued for acquisition or construction purposes, interest on that portion of the
bonds of the series that is issued to pay such acquisition or construction costs) prior to
and during such acquisition or construction and for not exceeding one...
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11-8A-3
Section 11-8A-3 County government bond financing review form. (a) In addition to any and all
other documents presented for examination and execution of a bond financing agreement which,
for the purposes of this chapter, takes place at the time a county commission makes an official
award of the bonds, the county commission shall execute a county government bond financing
review form. The standard review form shall be prepared by the Department of Examiners of
Public Accounts and shall include statements to the effect that: (1) The county commission
has considered whether it can satisfy its financial obligations for the life of the bonds.
(2) In the case of limited obligation indebtedness, the county commission has identified the
source for the debt service payments for the life of the bonds, and in the case of general
obligation indebtedness, the county commission has indicated that the full faith and credit
of the county has been pledged for the debt service payments for the life of...
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2-29-4
Section 2-29-4 Bonds of commission merchants; institution of civil actions upon bonds. Before
any permit shall be issued, the applicant therefor shall make and execute to the State of
Alabama a surety bond in the penal sum of $1,000.00, said bond to be filed in the office of
the commissioner. Said bond is intended and shall be so conditioned as to secure the faithful
account for and payment to the consignor of the proceeds of all farm products handled or sold
by such commission merchants. Every such bond shall cover every transaction (within its scope)
occurring at any time after its filing and until 60 days after any new bond shall be filed.
If at any time the commissioner is of the opinion that the responsibility of any surety or
sureties on any existing bond is or is in danger of becoming impaired for any reason, he shall
require the giving of a new bond with good and sufficient surety or sureties. Subject to the
foregoing provision, upon issue of a new permit to a commission...
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16-18B-16
Section 16-18B-16 Appropriation and allocation of funds. There is hereby appropriated so much
of the bond proceeds and interest income thereon as may be necessary for the acquisition,
provision, construction, improvement, renovation, equipping and maintenance of forensic sciences
laboratories and educational facilities for the provision of instruction and research in the
field of forensic sciences. Moneys in the fund (whether original proceeds from the sale of
the bonds or principal proceeds of matured permitted investments) shall be paid out from time
to time in orders or warrants issued by or on the direction of the corporation for the purposes
specified in this article that may be deemed by the corporation to be most advantageous to
the state, and such moneys shall be allocated and expended by the corporation, subject to
all the provisions of this article, in the amounts set out as follows: (1) $10,000,000 to
plan, design, inspect, construct, reconstruct, enlarge, improve, repair,...
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33-13-9
Section 33-13-9 Bonds - Generally. There are hereby authorized to be issued bonds of the state
in aggregate principal amount not exceeding $45,000,000.00 for the purpose of paying costs
of the development, construction, improvements, expansion and modernization (or any of them)
of the State Docks Department at the Port of Mobile. The bonds hereby authorized shall be
general obligations of the state, and the full faith, credit and taxing powers of the state
are hereby irrevocably pledged for the prompt and faithful payment of the principal thereof
and the interest thereon. The bonds may be sold from time to time as the board of directors
may deem advantageous; provided, that no bonds (other than refunding bonds) may be sold or
issued unless the Governor shall have first determined that the issuance of the bonds proposed
to be issued will be necessary to enable the authority to promote, develop, construct, improve,
expand and modernize the state docks facilities. Except as hereinafter...
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