Alabama § 11-100-8 Application of Payments and Credits; Refunding or Refinancing of Bonds

Alabama Statutes

§ 11-100-8 — Application of Payments and Credits; Refunding or Refinancing of Bonds

Alabama § 11-100-8

Title 11Counties and Municipal Corporations

Ch. 100Alabama Convention Facilities Act

This text of Alabama § 11-100-8 (Application of Payments and Credits; Refunding or Refinancing of Bonds) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 11-100-8 (2026).

Text

The payments provided for in this chapter shall apply only to debt service incurred pursuant to the provisions of this chapter. No payments or credits shall be allowed for any past debt service payments nor for any debt service payments beyond the date of the final interest and principal payment of the original issue of such bonds. Nothing herein shall restrict any city or county or entities or authorities thereof from refunding or refinancing such bonds within the original maturity schedule to take advantage of savings arising from such refunding or refinancing.

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The payments provided for in this chapter shall apply only to debt service incurred pursuant to the provisions of this chapter. No payments or credits shall be allowed for any past debt service payments nor for any debt service payments beyond the date of the final interest and principal payment of the original issue of such bonds. Nothing herein shall restrict any city or county or entities or authorities thereof from refunding or refinancing such bonds within the original maturity schedule to take advantage of savings arising from such refunding or refinancing.