Alabama § 11-8-4 Principal and Interest on Refunding Warrants to Constitute Part of Annual County Operating Budget; Payment of Same

Alabama Statutes

§ 11-8-4 — Principal and Interest on Refunding Warrants to Constitute Part of Annual County Operating Budget; Payment of Same

Alabama § 11-8-4

Title 11Counties and Municipal Corporations

Ch. 8Financial Affairs Generally

This text of Alabama § 11-8-4 (Principal and Interest on Refunding Warrants to Constitute Part of Annual County Operating Budget; Payment of Same) 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 § 11-8-4 (2026).

Text

Where counties issue or have heretofore issued refunding warrants in lieu of obligations outstanding, the interest of such outstanding warrants together with the principal thereof maturing in any fiscal year, shall constitute a part of the current operating budget of such county for that fiscal year and shall be paid out of funds available in such year for operating purposes, unless funds are provided otherwise for such payment.

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Where counties issue or have heretofore issued refunding warrants in lieu of obligations outstanding, the interest of such outstanding warrants together with the principal thereof maturing in any fiscal year, shall constitute a part of the current operating budget of such county for that fiscal year and shall be paid out of funds available in such year for operating purposes, unless funds are provided otherwise for such payment.