Code of Alabama
Chapter 16B - Alabama Ahead Act.
Section 16-16B-12 - (Implementation Conditioned on Separate Legislative enactment.) Issuance Expenses; Contracts and Appointments.

The Authority is authorized to pay out of proceeds of any series of Bonds the costs and expenses incurred in connection with the issuance of such Bonds, including without limitation legal and accounting fees and expenses, fees and expenses of any financial or fiscal advisor employed by the Authority, printing costs, rating agency fees, and premiums or charges for any credit enhancement or liquidity providers. Notwithstanding any provision of this chapter or the 1965 Act, in appointing, employing, or contracting with attorneys, fiscal advisers, trustees, paying agents, investment bankers, banks and underwriters, the Authority may appoint, employ or contract with firms whose principal offices are located without or within Alabama. The Authority shall hire or contract with attorneys, fiscal advisors, trustees, paying agents, investment bankers, banks, and underwriters which reflect the racial and ethnic diversity of the state. The Authority shall issue Requests For Proposals for attorneys, fiscal advisors, trustees, paying agents, investment bankers, banks, and underwriters. The Authority shall evaluate each proposed bid publicly and award each contract publicly. Minutes of the Authority's meeting shall record the reasons for awarding each contract.

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.