Code of Alabama
Chapter 16B - Alabama Ahead Act.
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.

Structure Code of Alabama

Code of Alabama

Title 16 - Education.

Chapter 16B - Alabama Ahead Act.

Section 16-16B-1 - Short Title; Electronic Textbooks; Wireless Electronic Devices; Rule Making Authority; Implementation Plan; Alabama Ahead Oversight Committee.

Section 16-16B-2 - Definitions.

Section 16-16B-2.1 - Wireless Infrastructure and Mobile Digital Computing Devices; Application for Funds; Implementation Plan.

Section 16-16B-3 - (Implementation Conditioned on Separate Legislative enactment.) Authorization to Issue Additional Bonds and Purposes Thereof.

Section 16-16B-4 - (Implementation Conditioned on Separate Legislative enactment.) Execution and Other Details of the Bonds.

Section 16-16B-5 - (Implementation Conditioned on Separate Legislative enactment.) Sale of the Bonds.

Section 16-16B-6 - (Implementation Conditioned on Separate Legislative enactment.) Appropriation of Revenues to the Authority; Pledge Thereof For.

Section 16-16B-7 - (Implementation Conditioned on Separate Legislative enactment.) Bonds to Be Payable Solely Out of the Revenues Appropriated; Authorization for Authority to Pledge Such Revenues for the Bonds.

Section 16-16B-8 - (Implementation Conditioned on Separate Legislative enactment.) Refunding Bonds.

Section 16-16B-9 - (Implementation Conditioned on Separate Legislative enactment.) Use of Bond Proceeds.

Section 16-16B-10 - (Implementation Conditioned on Separate Legislative enactment.) Disposition of Funds.

Section 16-16B-11 - (Implementation Conditioned on Separate Legislative enactment.) Tax Exemption.

Section 16-16B-12 - (Implementation Conditioned on Separate Legislative enactment.) Issuance Expenses; Contracts and Appointments.