Alabama § 16-60-93 Deposit of and Disbursements from Proceeds of Bonds

Alabama Statutes

§ 16-60-93 — Deposit of and Disbursements from Proceeds of Bonds

Alabama·Title 16 Education·Ch. 60 Trade Schools and Junior Colleges·Art. 4 Alabama Trade School and Junior College Authority Act

The proceeds of all bonds, other than refunding bonds, issued by the authority remaining after paying expenses of their issuance shall be deposited in the State Treasury and shall be carried in the State Treasury in a special or separate account. Such funds shall be subject to be drawn upon by the authority and shall be used solely for the purposes for which the bonds were issued as authorized in this article.

Free access — add to your briefcase to read the full text and ask questions with AI

The proceeds of all bonds, other than refunding bonds, issued by the authority remaining after paying expenses of their issuance shall be deposited in the State Treasury and shall be carried in the State Treasury in a special or separate account. Such funds shall be subject to be drawn upon by the authority and shall be used solely for the purposes for which the bonds were issued as authorized in this article.

Alabama § 16-60-93 (Deposit of and Disbursements from Proceeds of Bonds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.