Statutes, codes, and regulations
Code of Alabama
Title 11 - COUNTIES AND MUNICIPAL CORPORATIONSSubtitle 2 - PROVISIONS APPLICABLE TO MUNICIPAL CORPORATIONS ONLYChapter 47 - POWERS, DUTIES AND LIABILITIES GENERALLY
Article 9 - PARKS, PLAYGROUNDS, AND OTHER RECREATIONAL AND ATHLETIC AREAS AND FACILITIES
Section 11-47-235 - Effect of revenue obligations on State of Alabama; prohibition against use of state funds to retire indebtedness

Ala. Code § 11-47-235

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Current through the 2024 Regular Session.
Section 11-47-235 - Effect of revenue obligations on State of Alabama; prohibition against use of state funds to retire indebtedness

Revenue obligations issued by any public authority pursuant to this article shall not create an obligation or debt of the State of Alabama, and no state funds shall be used to retire the principal and interest of any indebtedness issued pursuant to this article.

Ala. Code § 11-47-235 (1975)

Acts 1996, No. 96-320, p. 361, §17.