Section 33-2-212 – Report Attesting to Actual Deficiency; Adjustment of Amount Previously Transferred; Transfer to State General Fund.
Section 33-2-212 Report attesting to actual deficiency; adjustment of amount previously transferred; transfer to State General Fund. Within 20 days after the close of any quarter of any fiscal year during which moneys have been transferred and paid to the Alabama State Port Authority pursuant to a notification of expected deficiency as described in Section […]
Section 33-2-188 – Docks Facilities Revenue Bonds and Refunding Bonds – Disposition of Proceeds of Refunding Bonds.
Section 33-2-188 Docks facilities revenue bonds and refunding bonds – Disposition of proceeds of refunding bonds. The proceeds of refunding bonds shall be applied, together with any other moneys legally available therefor to the payment of the expenses authorized by this article and to the payment of the principal of, premium, if any, and interest […]
Section 33-2-213 – Use of Amounts Transferred.
Section 33-2-213 Use of amounts transferred. Any provision of or implication in this article to the contrary notwithstanding, no amount transferred and paid to the Alabama State Port Authority pursuant to this article may be pledged by the port authority to pay principal of or interest on any bonds or other obligations issued by or […]
Section 33-2-189 – Docks Facilities Revenue Bonds and Refunding Bonds – Disposition of Proceeds of Docks Facilities Revenue Bonds.
Section 33-2-189 Docks facilities revenue bonds and refunding bonds – Disposition of proceeds of docks facilities revenue bonds. The department shall pay out of the proceeds from the sale of any of the docks facilities revenue bonds all expenses that the director may deem necessary or advantageous in connection with the sale and issuance of […]
Section 33-2-190 – Docks Facilities Revenue Bonds and Refunding Bonds – Defeasance.
Section 33-2-190 Docks facilities revenue bonds and refunding bonds – Defeasance. Any docks facilities revenue bond or refunding bond issued pursuant to the provisions of this article shall no longer be deemed to be outstanding, shall no longer be secured by the docks facilities revenues that may have been pledged therefor, shall no longer constitute […]
Section 33-2-191 – Docks Facilities Revenue Bonds and Refunding Bonds – Continuation of Special Charges.
Section 33-2-191 Docks facilities revenue bonds and refunding bonds – Continuation of special charges. The department is hereby authorized to continue to impose and collect all charges and other fees presently imposed and collected, pursuant to statutory authorization, by the department for the use of docks facilities or the handling or processing of cargo and […]
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 33-2-166 – Bonds and Interest Exempt From Taxation.
Section 33-2-166 Bonds and interest exempt from taxation. Any bonds issued pursuant to the authority of this article and the interest thereon shall be exempt from all taxation by the State of Alabama or any political subdivision thereof. (Acts 1969, No. 472, p. 917, §17.)