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·Title 11 Counties and Municipal Corporations·Ch. 8 Financial Affairs Generally

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.

Alabama § 11-8-4 (Principal and Interest on Refunding Warrants to Constitute Part of Annual County Operating Budget; Payment of Same) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.