The bonds and other evidences of indebtedness of the authority may be sold at such time or times as the board of directors may deem advantageous. The bonds may be sold at private or public sale. Bonds sold at public sale shall be awarded to the bidder whose bid reflects the lowest net interest cost to the authority for the bonds being sold, computed to their respective absolute maturities; provided, that if no bid acceptable to the authority is received, it may reject all bids and readvertise. Notice of any public sale shall be given by such publication or by such distribution of notices of sale or both, as the board of directors may determine subject to state law. The authority may pay from the proceeds of the sale of its bonds all expenses, including publication and printing charges, attorney's fees, financial advisory fees, and other expenses which the board of directors may deem necessary or advantageous in connection with the authorization, advertisement, sale, execution and issuance thereof.
Structure Code of Alabama
Title 22 - Health, Mental Health, and Environmental Control.
Title 1 - Health and Environmental Control Generally.
Chapter 34 - Water Pollution Control Authority.
Section 22-34-1 - Definitions.
Section 22-34-2 - Legislative Intent.
Section 22-34-3 - Revolving Fund Established; Use of Funds; Administration of Fund; Annual Report.
Section 22-34-4 - Water Pollution Control Authority Established; Membership.
Section 22-34-6 - General Powers.
Section 22-34-7 - Authority Authorized to Issue Bonds.
Section 22-34-8 - Sale of Bonds.
Section 22-34-9 - Certificates or Notes in Anticipation of Bonds.
Section 22-34-10 - Refunding Bonds.
Section 22-34-11 - Dedicated Source of Revenue to Repay Moneys; Default; Accounting Standards.
Section 22-34-12 - Investment in Authority Bonds.
Section 22-34-13 - Tax Exempt.
Section 22-34-14 - Exempt From Usury Laws.
Section 22-34-15 - No Proceeding, Notice or Approval Required.