Alabama Statutes

§ 11-71-8 — Refunding of Excess Funds

Alabama·Title 11 Counties and Municipal Corporations·Ch. 71 The Neighborhood Infrastructure Incentive Plan Act of 2011
Following the completion of the acquisition, construction, or installation of the projects, if there are excess funds from assessments, after fully funding all reserves and contingency funds, the excess funds shall be refunded in a manner determined to be equitable by the board, or as otherwise provided in the board’s proceedings with respect to its bylaws.

Free access — add to your briefcase to read the full text and ask questions with AI

Alabama § 11-71-8 (Refunding of Excess Funds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

(Act 2011-689, p. 2105, §8.)

Nearby Sections

15
View on official source ↗