Alabama Statutes
§ 11-99A-18 — Refundings
Alabama § 11-99A-18
This text of Alabama § 11-99A-18 (Refundings) 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-18 (2026).
Text
Any bonds issued by a district may be refunded by the district, and upon refunding, by current or advance refunding, the term for payment of the assessments shall be modified to the term of the newly issued bonds. If the refunding results in a lower interest rate from that borne by the refunded bonds, the board may adjust the interest rate borne by the assessments accordingly.
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Legislative History
(Act 99-446, p. 1013, §1.)
Nearby Sections
15
§ 11-1-1
Number and Names of Counties§ 11-1-2
County Declared a Body CorporateCite This Page — Counsel Stack
Bluebook (online)
Alabama § 11-99A-18, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/11-99A-18.