Alabama Statutes

§ 11-99A-18 — Refundings

Alabama § 11-99A-18
JurisdictionAlabama
Title 11Counties and Municipal Corporations
Ch. 99AAlabama Improvement Districts

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
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Bluebook (online)
Alabama § 11-99A-18, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/11-99A-18.