Alabama § 29-2-202 Calculation and Payment of Principal and Interest on Bonds Attributable to the Alabama State House

Alabama Statutes

§ 29-2-202 — Calculation and Payment of Principal and Interest on Bonds Attributable to the Alabama State House

Alabama·Title 29 Legislature·Ch. 2 Permanent Legislative Committees·Art. 11 Legislative Building Authority

The ABRFA shall annually calculate that portion of the amount necessary to pay the principal and interest on any bonds issued by the ABRFA that would have been paid from charges for space in the Alabama State House but for the enactment of this article and certify that amount to the state Comptroller. The amount so certified is appropriated from the General Fund to the ABRFA. The state Comptroller shall issue a warrant in that amount to the ABRFA. The payment of the amount shall be used exclusively to satisfy that portion of the payment of the principal and interest on bonds issued by the ABRFA that is attributable to the Alabama State House. The state Comptroller may disburse this amount in 12 equal monthly payments.

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The ABRFA shall annually calculate that portion of the amount necessary to pay the principal and interest on any bonds issued by the ABRFA that would have been paid from charges for space in the Alabama State House but for the enactment of this article and certify that amount to the state Comptroller. The amount so certified is appropriated from the General Fund to the ABRFA. The state Comptroller shall issue a warrant in that amount to the ABRFA. The payment of the amount shall be used exclusively to satisfy that portion of the payment of the principal and interest on bonds issued by the ABRFA that is attributable to the Alabama State House. The state Comptroller may disburse this amount in 12 equal monthly payments.

Alabama § 29-2-202 (Calculation and Payment of Principal and Interest on Bonds Attributable to the Alabama State House) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.