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33-15-7
Section 33-15-7 Rates, fees and charges; user permits. (a) Rates, fees and charges for services
rendered by the authority from any of its facilities shall be fixed and from time to time
revised by the authority; provided, that such rates, fees and charges shall be so fixed as
at all times to provide funds at least sufficient: (1) To pay the cost of operating, maintaining,
repairing, replacing, extending and improving the facilities and other property from which
such services are rendered; (2) To pay the principal of and the interest on all bonds issued
and obligations assumed by the authority that are payable out of the revenues derived from
the operation of those facilities as the said principal and interest become due and payable;
(3) To create and maintain such reserves for the foregoing purposes or any of them as may
be provided in any mortgage and deed of trust or trust indenture executed by the authority
hereunder or in any resolutions of the board of directors authorizing the...
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11-50A-17
Section 11-50A-17 Contracts for use of projects; purchase of electric power; payment of charges;
indemnity; enforcement of performance. (a) Any municipality, if authorized by resolution or
ordinance of its governing body, may contract with the authority for the payment of any rates,
tolls, fees, and other charges prescribed in this section and Section 11-50A-18 by the authority
for the output, capacity, use or service by the municipality of any projects or other resources
of the authority or any of its facilities or undertakings. The obligations to pay the amounts
contracted to be paid by the municipality to the authority under the contract or contracts
entered into pursuant to the provisions of this section shall be treated as expenses of operating
the electric distribution system of the municipality for the payment of which the revenues
of the municipality derived from the operation of its electric distribution system (together
with any other revenues that may be lawfully pledged...
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45-29-90.12
Section 45-29-90.12 Rates, fees, and charges for services. (a) Rates, fees, and charges for
services rendered by the authority from any of its facilities shall be fixed and from time
to time revised by the authority; provided, that such rates, fees, and charges shall be so
fixed as at all times to provide funds at least sufficient to do all of the following: (1)
To pay the cost of operating, maintaining, repairing, replacing, extending, and improving
the facilities and other property from which such services are rendered. (2) To pay the principal
of and the interest on all bonds issued and obligations assumed by it, the authority, that
are payable out of the revenues derived from the operation of those facilities, as the principal
and interest become due and payable. (3) To create and maintain such reserves for the foregoing
purposes or any of them as may be provided in any mortgage and deed of trust or trust indenture
executed by the authority hereunder or in any resolutions of the...
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41-10-541
Section 41-10-541 Definitions. (a) The following words and phrases used in this division, and
others evidently intended as the equivalent thereof, shall, in the absence of clear implication
herein otherwise, be given the following respective interpretations herein: (1) APPROPRIATED
FUNDS. Net TVA payments to the extent such payments are pledged and appropriated to the authority
pursuant to Section 41-10-550. (2) AUTHORITY. The public corporation organized pursuant to
this division. (3) AUTHORITY GUARANTY. An agreement of the authority pursuant to which the
payment of debt service referable to bonds, notes, or other evidences of indebtedness of a
development agency is guaranteed by the authority. (4) AUTHORITY OBLIGATIONS. Bonds of the
authority and authority guaranties. (5) AUTHORITY-GUARANTEED OBLIGATIONS. Bonds, notes, or
other evidences of indebtedness of a development agency that are issued solely for the purpose
in financing a project and that are guaranteed, in whole or in part,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-541.htm - 13K - Match Info - Similar pages
45-46-90.07
Section 45-46-90.07 Charges for use of authority facilities. Docking fees, toll fees, rents,
and other charges for the use of the port, docks, and related facilities owned or operated
by the authority shall be so fixed and from time to time revised as at all times to provide
funds at least sufficient to do all of the following: (1) Pay the cost of operating, maintaining,
repairing, replacing, extending, and improving such facilities. (2) Pay the principal of and
the interest on all bonds issued and obligations assumed by the authority, that are payable
out of the revenues derived from operation of such facilities as the principal and interest
become due and payable. (3) Create and maintain such reserve for the foregoing purposes or
any of them as may be provided in any mortgage and deed of trust or trust indenture executed
by the authority hereunder or in any resolutions of the board authorizing the issuance of
bonds, the assumption of any obligation, or the acquisition of any such...
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11-49B-8
Section 11-49B-8 Rates and charges. Rates, fees, and charges for public transportation service
rendered by the authority from any of its transit systems shall be fixed and revised to provide
funds that, when added to all other revenues, including tax proceeds, anticipated to be received
by the authority, will be at least sufficient: (1) To pay the cost of operating, maintaining,
repairing, replacing, extending, and improving the systems from which the services are rendered.
(2) To pay the principal and the interest on all bonds issued and obligations assumed by the
authority, that are payable out of the revenues derived from operation of those systems, as
the principal and interest become due and payable. (3) To create and maintain reserve for
the foregoing purposes or as may be provided in any mortgage and deed of trust or trust indenture
executed by the authority or in any resolutions of the board authorizing the issuance of bonds,
the assumption of any obligation, or the acquisition...
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11-99B-11
Section 11-99B-11 Establishment and revision of rentals, licenses, rates, fees, and charges
for services or facilities rendered by district. Rates, fees, charges, rentals, and licenses
for services rendered by the district or facilities provided by the district from any of its
projects shall be so fixed and, from time to time, revised as at all times to provide funds
at least sufficient, taking into account other sources for the payment thereof, to: (1) Pay
the cost of operating, maintaining, repairing, replacing, extending, and improving the project
or projects of the district. (2) Pay the principal of and the interest on all bonds issued
and obligations assumed by the district that are payable out of the revenues derived from
operation of the project or projects of the district as the said principal and interest become
due and payable. (3) Create and maintain such reserves for the foregoing purposes or any of
them as may be provided in any trust indenture executed by the district...
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11-92C-22
Section 11-92C-22 Establishment and revision of rentals, licenses, rates, fees, and charges
for services or facilities rendered by authority. Rates, fees, charges, rentals, and licenses
for services rendered by an authority, a cooperative district of which the authority is a
member, or a private user or facilities provided by the authority, a cooperative district
of which the authority is a member, or a private user from any of their projects shall be
so fixed and, from time to time, revised as at all times to provide funds at least sufficient,
taking into account other sources for the payment thereof, to: (1) Pay the cost of operating,
maintaining, repairing, replacing, extending, and improving the project or projects of the
authority, a cooperative district of which the authority is a member, or any private user.
(2) Pay the principal of and the interest on all bonds issued and obligations assumed by the
authority, a cooperative district of which the authority is a member, or any...
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16-60-111.11
Section 16-60-111.11 Additional powers of board. (a) The board may exercise all of the following
powers: (1) To borrow money from the United States of America or any department or agency
thereof, or from any person, firm, corporation, or other lending agency for the purchase,
construction, enlargement, or alteration of any buildings or other improvements, including
dormitories, dining halls, classrooms, laboratories, libraries, stadiums, administration buildings,
and any other buildings and appurtenances thereto suitable for use by the institution or institutions
with respect to which the borrowing is made, or for the benefit of the Alabama Community College
System or one or more of its programs, the acquisition of furniture and equipment for any
thereof, the purchase of land, the beautification of grounds, and the construction of swimming
pools, tennis courts, athletic fields, and other facilities for physical education, all for
use by such institution or institutions, and for the...
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11-86A-16
Section 11-86A-16 Application of proceeds from the sale of bonds; source of payment; pledge
of county's or municipality's credit; negotiability; exemption from taxation; pledge as security
for funds belonging to a public person; investment in bonds by fiduciaries; no public hearing
required; investment in bonds by Teachers' Retirement System of Alabama, the Employees' Retirement
System of Alabama, and the State Insurance Fund; investment in bonds by public persons. (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 provided in the proceedings authorizing their issuance,
interest on the 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...
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