11-55-5
Section 11-55-5 Bonds - Disposition of proceeds from sale. (a) The proceeds from the sale of
any bonds issued under authority of this chapter shall be applied only for the purpose for
which the bonds were issued; provided, however, that any accrued interest and premium received
in any such sale shall be applied to the payment of the principal of or the interest on the
bonds sold; provided further, that if for any reason any portion of such proceeds shall not
be needed for the purpose for which the bonds were issued, then such unneeded portion of said
proceeds shall be applied to the payment of the principal of or the interest on said bonds.
(b) The cost of acquiring any project, which shall be paid from the proceeds derived from
the sale of bonds, shall be deemed to include the following: (1) The actual cost of the construction
of any part of a project which may be constructed, including architect's and engineer's fees;
(2) The purchase price of any part of a project that may be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-55-5.htm - 1K - Match Info - Similar pages

16-16A-9
Section 16-16A-9 Disposition of funds. (a) The proceeds derived from each sale of the Bonds
issued pursuant to this chapter 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 the expenses
of issuance therefrom. The expenses of issuance of the Bonds shall be prorated among the recipients
of the proceeds from the sale of the Bonds in proportions they receive allocations of the
proceeds thereunder. The proceeds from the sale of the Bonds remaining after payment of the
expenses of issuance thereof shall be retained in said fund and, until they are paid out,
shall be invested by the State Treasurer at the direction of the Authority in Permitted Investments
maturing at such time or times as the Authority shall direct. (b) Proceeds from the sale of
the Bonds and the earnings thereon shall be paid out from time to time on orders or warrants
issued by or at the direction of the Authority for any one or more...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-16A-9.htm - 1K - 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

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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-2-185.htm - 3K - Match Info - Similar pages

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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-2-39.htm - 1K - Match Info - Similar pages

33-2-40
Section 33-2-40 Application of revenues from dock facilities. The proceeds derived from the
operation of each unit of development acquired or constructed pursuant to the provisions of
this article shall be applied for the following purposes in the following order: (1) Payment
of the expenses of operating dock facilities acquired, constructed or operated pursuant to
the provisions of this article; (2) payment at their respective maturities of the principal
of and interest on any bonds issued pursuant to the provisions of this article; (3) establishment
and maintenance of a sinking fund for retirement of any bonds issued pursuant to the provisions
of this article, into which there shall be paid monthly, beginning at the end of the first
12 months following the completion of each unit of development acquired or constructed hereunder,
one half of one per cent of the cost of each such unit of development, not exceeding, however,
one half of the gross income of such unit of development...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-2-40.htm - 3K - Match Info - Similar pages

11-81-112
Section 11-81-112 Disposition of proceeds from sale. The proceeds from the sale of bonds authorized
to be issued by this division shall be applied only to the payment of the cost of the improvement
or improvements designated in the ordinance providing for their issue, but should there be
any surplus from any bond issue over and above such cost it shall be applied to the payment
of the principal of the bonds. (Acts 1927, No. 478, p. 534; Code 1940, T. 37, §300.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-81-112.htm - 774 bytes - Match Info - Similar pages

2-5A-37
Section 2-5A-37 Investment of proceeds from bond sales. Prior to the completion of farmers'
market facilities to be financed with proceeds of bonds, any portion of the principal proceeds
derived from the sale of the bonds which the commissioner may determine is not then needed
for any of the purposes for which the bonds are authorized to be issued shall be invested
by the State Treasurer in permitted investments which mature at such time or times as the
department shall direct. At any time, and from time to time on order of the commissioner,
any such investments may be sold or otherwise converted by the State Treasurer into cash.
(Act 2013-286, p. 981,§1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-5A-37.htm - 970 bytes - Match Info - Similar pages

16-16B-10
Section 16-16B-10 (Implementation Conditioned on Separate Legislative Enactment.) Disposition
of funds. Notwithstanding any of the foregoing and in addition to all powers heretofore granted
to the Authority, the Authority is hereby expressly authorized to use the proceeds derived
from the sale of Bonds and income on Permitted Investments in accordance with the provisions
of this chapter. The Authority is hereby expressly permitted to pay to the Department of Finance
and the State Treasurer's Office, from time to time and from any funds available to the Authority,
amounts to offset costs incurred in the administration of the business of the Authority. The
cost of such compensation shall be prorated among the recipients of proceeds of the Bonds
in the same manner as the expenses of issuance of the Bonds are required hereby to be prorated.
(Act 2012-560, p. 1645, §10.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-16B-10.htm - 1K - Match Info - Similar pages

22-3A-18
Section 22-3A-18 Investment of proceeds from bond sale; when authorized; application of income.
Prior to the completion of all public health facilities described in Section 22-3A-19, any
portion of the principal proceeds derived from the sale of the bonds which the board of directors
may determine is not then needed for any of the purposes for which the bonds are authorized
to be issued shall, on order of the authority, be invested by the State Treasurer in permitted
investments which mature at such time or times as the authority shall direct. At any time
and from time to time on order of the authority, any such investments may be sold or otherwise
converted by the State Treasurer into cash. The income derived from any such investments shall
be applied first for the payment of the costs of providing the public health facilities described
in Section 22-3A-19 and, to the extent not needed for such purpose, such income may be disbursed
on order of the authority for any purpose for which...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-3A-18.htm - 1K - Match Info - Similar pages