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22-3A-15
Section 22-3A-15 Disposition of proceeds of bonds; Public Health Facilities Building Fund;
powers of authority; improvement and construction defined; supervision; bidding. (a) The proceeds
of the bonds, other than refunding bonds, remaining after paying the expenses of their sale
and issuance shall be turned in to the State Treasury and all income derived from the investment
of said proceeds (including income from the investment of proceeds held in the Debt Service
Reserve Fund to the extent provided in the resolution, trust indenture or other documents
pursuant to which the bonds shall be issued) shall be carried in a special fund to be designated
the Public Health Facilities Building Fund, and shall be subject to be drawn on by the authority
for the purpose of paying the costs of acquiring, constructing, improving and equipping such
public health facilities in the state as shall be determined by the authority. Subject to
the provisions of Section 22-3A-19, the authority shall have...
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33-2-181
Section 33-2-181 Authorization to issue docks facilities revenue bonds. The department, with
the approval of the Governor, may from time to time and at any time, issue its docks facilities
revenue bonds in such aggregate principal amounts as the department, with the approval of
the Governor, may determine to be advisable, for the purpose of providing funds for the acquisition,
construction, equipment or improvement of docks facilities, together with the expenses incident
to the authorization, issuance and sale of such docks facilities revenue bonds. The cost of
so acquiring, constructing, equipping and improving such docks facilities shall be deemed
to include interest that will either accrue or become payable on the docks facilities revenue
bonds issued therefor during the period required for the acquisition, construction, equipment
and improvement of such docks facilities, plus a period not exceeding six months after the
completion thereof. The powers conferred on the department by...
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40-17-360
Section 40-17-360 Disposition of aviation fuel proceeds. The revenue, less the cost of collection,
obtained from the tax levied in subdivision (3) of subsection (a) of Section 40-17-325 shall
be paid into the State Treasury to the credit of the Department of Transportation and be used
exclusively for the purpose of paying the cost of acquiring, engineering, construction, improvement,
and maintenance of existing or proposed airports and other air navigation facilities within
the state, for the payment of the salaries of all employees who have been transferred from
the Alabama Department of Aeronautics to the Department of Transportation under Article 12
of Chapter 1 of Title 23, and for the payment of administrative expenses incurred by the Department
of Transportation in performing aeronautical activities and for the further purpose of creating
a sinking fund for the payment of the interest and retirement of the principal of all bonds
which may be hereafter lawfully issued, sold, and...
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16-60-90
Section 16-60-90 Authorization to issue bonds. The authority may from time to time sell and
issue its bonds, not exceeding $15,000,000.00 in aggregate principal amount, for the purpose
of providing funds for the construction and equipment of trade schools and junior colleges,
including the improvement of sites therefor, the construction of buildings and the reconstruction,
improvement and alteration of existing buildings therefor and the acquisition, purchase and
installation of original equipment therefor. No part of the proceeds from the sale of the
bonds may be used to pay the cost of the acquisition, by purchase or otherwise, of real estate
to be used as a site for any such school or college or any building connected therewith or
the acquisition, by purchase or otherwise, of any existing building. (Acts 1963, 2nd Ex. Sess.,
No. 93, p. 259, ยง10.)...
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4-3-1
Section 4-3-1 Definitions. When used in this article, unless the context plainly indicates
otherwise, the present tense shall include the future tense, the singular shall include the
plural, the plural shall include the singular and the following words and phrases shall have
the meanings respectively ascribed to them by this section: (1) AIRCRAFT. Any contrivance
now known or hereafter invented, used or designed for navigation of or flight in the air,
except a parachute or other contrivance designed for use primarily as safety equipment. (2)
AIRPORT. Any area of land or water which is used, or intended for use, for the landing, taking-off,
storage, parking or dispersal of aircraft, and any appurtenant areas which are used, or intended
for use, for airport buildings, facilities or rights-of-way, together with all airport buildings,
structures and facilities located thereon. (3) AIRPORT BUILDING. Any building used or to be
used in connection with the construction, enlargement,...
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4-3-40
Section 4-3-40 Definitions. When used in this article, unless the context plainly indicates
otherwise, the present tense shall include the future tense, the singular shall include the
plural, the plural shall include the singular and the following words and phrases shall have
the meanings respectively ascribed to them by this section: (1) AIRCRAFT. Any contrivance
now known or hereafter invented, used or designed for navigation of or flight in the air,
except a parachute or other contrivance designed for use primarily as safety equipment. (2)
AIRPORT. Any area of land or water which is used, or intended for use, for the landing, take-off,
storage, parking or dispersal of aircraft, and any appurtenant areas which are used, or intended
for use, for airport buildings, facilities or rights-of-way, together with all airport buildings,
structures and facilities located thereon. (3) AIRPORT BUILDING. Any building used or to be
used in connection with the construction, enlargement,...
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41-10-145
Section 41-10-145 Bonds - Use of proceeds from sale. All moneys derived from the sale of any
bonds issued by an authority shall be used solely for the purpose or purposes for which the
same are authorized and any costs and expenses incidental thereto. Such costs and expenses
may include, but shall not be limited to: (1) The fiscal, engineering, architectural, legal
and other expenses incurred in connection with the issuance and sale of the bonds; (2) In
the case of bonds issued to pay costs of construction, building, acquisition, restoration,
renovation or improvement of property of the authority, interest on such bonds (or, if a part
only of bonds of any series is issued for such purposes, interest on that portion of the bonds
of that series that is issued to pay such costs) prior to and during such construction, building,
acquisition, restoration, renovation or improvement of property of the authority; and (3)
In the case of bonds issued for the purpose of refunding principal and...
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41-10-364
Section 41-10-364 Proceeds of bonds, other than refunding bonds; special fund to pay costs
of acquisition, construction, etc., of mental health facilities; such work supervised by Building
Commission; such work subject to competitive bidding; disposition of moneys remaining. The
proceeds of the bonds, other than refunding bonds, remaining after paying the expenses of
their sale and issuance shall be turned into the State Treasury, shall be carried in a special
fund to be designated the Mental Health Facilities Building Fund, and shall be subject to
be drawn on by the authority for the purpose of paying costs of acquisition, construction,
improvement and equipping of mental health facilities in the state. For the purposes of this
article, the improvement of a facility shall be deemed to include the renovation, modernization,
remodeling, and equipment thereof and the construction of additions thereof, and the construction
of a facility shall be deemed to include the acquisition of real...
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11-58-9
Section 11-58-9 Bonds - Disposition of proceeds from sale. (a) The proceeds from the sale of
any bonds issued by a corporation organized 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 medical clinic, 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 building which may be constructed,
including architect's and engineer's fees; (2) The purchase price of any...
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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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