Alabama § 16-13-211 Borrowing Money in Anticipation of Warrants Authorized; Issuance of Notes

Alabama Statutes

§ 16-13-211 — Borrowing Money in Anticipation of Warrants Authorized; Issuance of Notes

Alabama § 16-13-211

Title 16Education

Ch. 13School Finances Generally

Art. 10Notes in Anticipation of Warrants

This text of Alabama § 16-13-211 (Borrowing Money in Anticipation of Warrants Authorized; Issuance of Notes) 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 § 16-13-211 (2026).

Text

Any board of education may borrow money in anticipation of the issuance of warrants for use for any of the purposes described in Section 16-13-70(a) or Section 16-13-90 and, in evidence of such borrowing, issue from time to time notes maturing not later than 18 months from the date of issuance and bearing such rate or rates of interest as the board of education issuing such notes may provide in the proceedings wherein the notes are authorized to be issued.

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Any board of education may borrow money in anticipation of the issuance of warrants for use for any of the purposes described in Section 16-13-70(a) or Section 16-13-90 and, in evidence of such borrowing, issue from time to time notes maturing not later than 18 months from the date of issuance and bearing such rate or rates of interest as the board of education issuing such notes may provide in the proceedings wherein the notes are authorized to be issued.