Alabama Statutes
§ 11-47-235 — Effect of Revenue Obligations on State of Alabama; Prohibition Against Use of State Funds to Retire Indebtedness
Alabama·Title 11 Counties and Municipal Corporations·Ch. 47 Powers, Duties and Liabilities Generally·Art. 9 Parks, Playgrounds, and Other Recreational and Athletic Areas and Facilities
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.
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Alabama § 11-47-235 (Effect of Revenue Obligations on State of Alabama; Prohibition Against Use of State Funds to Retire Indebtedness) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Acts 1996, No. 96-320, p. 361, §17.)
Nearby Sections
15
§ 11-1-1
Number and Names of Counties§ 11-1-2
County Declared a Body Corporate