Alabama Statutes

§ 23-7-22 — Purchase of Outstanding Bonds

Alabama § 23-7-22

JurisdictionAlabama

Title 23Highways, Roads, Bridges and Ferries

Ch. 7Alabama Transportation Infrastructure Bank Act

This text of Alabama § 23-7-22 (Purchase of Outstanding Bonds) 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 § 23-7-22 (2026).

Text

The bank, subject to agreements with bondholders as may then exist, may purchase outstanding bonds of the bank with any available funds, at any reasonable price. If the bonds are then redeemable, the price shall not exceed the redemption price then applicable plus accrued interest to the next interest payment date.

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Legislative History

(Act 2015-50, §22.)

Nearby Sections

15

§ 23-1-1

Contracts and Regulations Relative to Federal Assistance

§ 23-1-10

“Blue Reflective Markers” and “Fire/Water Hydrant” Defined; Purpose and Installation of Blue Reflective Markers

§ 23-1-100

“Captive County” Defined

§ 23-1-101

Powers and Duties of County Commissions of Captive Counties as to Construction, Repair, and Maintenance of County Roads and Bridges Generally

§ 23-1-102

Transfer to Counties of Unexpended Funds Maintained by State Department of Transportation; Payment to Counties of Tax Proceeds, Federal Aid Accruals, Etc

§ 23-1-103

Transfer to Counties by State Department of Transportation of Facilities and Properties for Construction, Repair, and Maintenance of Roads; Resolution of Disputes as to Transfers

§ 23-1-104

Furnishing of Counties with Lists of Persons Employed by State Department of Transportation Therein; Employment by Counties of Persons on Lists; Employment Status of Other Persons Employed by Department in Counties; Liability for Accumulated Obligations Due and Payable to Present Employees of Department; Payment by Department of Accumulated Sick Leave of Transferred Employee

§ 23-1-105

Effect of Article Upon Contracts for Construction, Repair and Maintenance of County Roads and Bridges Entered into by State Department of Transportation

§ 23-1-106

Effect of Article Upon Outstanding Financial Obligations Incurred by Counties; Disposition of Funds Received by State from Counties for Road and Bridge Work Therein

§ 23-1-107

§ 23-1-110

Purpose of Article

§ 23-1-111

§ 23-1-112

Maintenance and Repair - Responsibility

§ 23-1-113

Maintenance and Repair - Stipulations and Conditions

§ 23-1-130

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Bluebook (online)

Alabama § 23-7-22, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/23-7-22.