Section 33-2-192 – Docks Facilities Revenue Bonds and Refunding Bonds – Pledge.
Section 33-2-192 Docks facilities revenue bonds and refunding bonds – Pledge. All moneys hereby pledged shall constitute a sinking fund for the purpose of paying the principal of, premium, if any, and the interest on the docks facilities revenue bonds and refunding bonds. As security for the payment of the principal of, premium, if any, […]
Section 33-2-193 – Docks Facilities Revenue Bonds and Refunding Bonds – Preservation of Outstanding Appropriations, Pledges and Covenants by State and Department.
Section 33-2-193 Docks facilities revenue bonds and refunding bonds – Preservation of outstanding appropriations, pledges and covenants by state and department. It is the intention of the Legislature in enacting this article to preserve inviolate all appropriations and pledges heretofore made of any portion of any revenues of the department for the benefit of any […]
Section 33-2-194 – Docks Facilities Revenue Bonds and Refunding Bonds – Covenant by Department to Maintain Charges and Other Fees.
Section 33-2-194 Docks facilities revenue bonds and refunding bonds – Covenant by department to maintain charges and other fees. For the benefit of the holders from time to time of the docks facilities revenue bonds and the refunding bonds herein authorized, and in order to secure maximum prices for said bonds, and in consideration of […]
Section 33-2-195 – State Treasurer to Disburse Funds.
Section 33-2-195 State Treasurer to disburse funds. Repealed by Acts 2007-280, p. 379, §6, and 2007-384, p. 766, §2, effective September 1, 2007. (Acts 1984, No. 84-412, p. 963, §16.)
Section 33-2-196 – Reserve Funds for Outstanding Bonds.
Section 33-2-196 Reserve funds for outstanding bonds. In the event there shall have been established any reserve or other similar funds for the benefit of any of the outstanding bonds and if the outstanding bonds for which those funds were established are refunded in full by the issuance of refunding bonds hereunder and if under […]
Section 33-2-200 – Definitions.
Section 33-2-200 Definitions. The words and terms used in this division shall have the same definitions as provided in Section 33-2-180. In addition, the following words and terms shall be given the following respective meanings: (1) INDENTURE. Any mortgage, indenture of mortgage, deed of trust, trust agreement, or trust indenture executed by the department as […]
Section 33-2-201 – Special Purpose Obligations.
Section 33-2-201 Special purpose obligations. (a) The department, from time to time, may issue special purpose obligations, which shall be limited obligations of the department payable from and secured solely by a pledge of private facility payments made by or on behalf of one or more commercial enterprises for the right to use the private […]
Section 33-2-202 – Short-Term Obligations.
Section 33-2-202 Short-term obligations. The department, from time to time, may enter into or execute and deliver short-term obligations. Any short-term obligations shall not be general obligations of the department, but shall be payable solely from docks facilities revenues and shall be subject to repayment in not more than three years; provided, that the department […]
Section 33-2-203 – Security for Obligations.
Section 33-2-203 Security for obligations. As security for the payment of any obligations agreed to in any swap agreement, as defined in subdivision (3) of Section 41-1-41, the department may pledge for payment of the obligations, all or any part of its docks facilities revenues; provided, however, that any pledge of its docks facilities revenues, […]
Section 33-2-210 – Creation and Funding of Alabama State Docks Facilities Contingency Trust Fund.
Section 33-2-210 Creation and funding of Alabama State Docks Facilities Contingency Trust Fund. Beginning with the fiscal year commencing on October 1, 1987, the first nine million five hundred thousand dollars ($9,500,000) of the net amount of all taxes required to be deposited to or certified into the State Treasury to the credit of the […]