Alabama Statutes

§ 11-99A-17 — Pledge of Assessments

Alabama § 11-99A-17
JurisdictionAlabama
Title 11Counties and Municipal Corporations
Ch. 99AAlabama Improvement Districts

This text of Alabama § 11-99A-17 (Pledge of Assessments) 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 § 11-99A-17 (2026).

Text

If bonds are issued with respect to all or part of an assessment, all proceeds of the assessment allocable to the payment of such bonds shall be pledged to secure payment of the bonds and shall be paid directly by the property owners to the board or to a trustee or other holder of funds as may be appointed by the board for the benefit of the holders of the bonds.

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Legislative History

(Act 99-446, p. 1013, §1; Act 2013-373, p. 1364, §1.)

Nearby Sections

15
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Bluebook (online)
Alabama § 11-99A-17, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/11-99A-17.