Alabama § 16-60-95 Disbursement of Funds

Alabama Statutes

§ 16-60-95 — Disbursement of Funds

Alabama § 16-60-95

Title 16Education

Ch. 60Trade Schools and Junior Colleges

Art. 4Alabama Trade School and Junior College Authority Act

This text of Alabama § 16-60-95 (Disbursement of Funds) 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 § 16-60-95 (2026).

Text

Out of the revenues appropriated and pledged in Section 16-60-94, the State Treasurer is hereby authorized and directed to pay the principal of and interest on the bonds issued by the authority under the provisions of this article, as such principal and interest shall respectively mature, and the State Treasurer is further authorized and directed to set up and maintain appropriate records pertaining thereto.

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Out of the revenues appropriated and pledged in Section 16-60-94, the State Treasurer is hereby authorized and directed to pay the principal of and interest on the bonds issued by the authority under the provisions of this article, as such principal and interest shall respectively mature, and the State Treasurer is further authorized and directed to set up and maintain appropriate records pertaining thereto.