Alabama Statutes
§ 33-2-196 — Reserve Funds for Outstanding Bonds
Alabama § 33-2-196
JurisdictionAlabama
Title 33Navigation and Watercourses
Ch. 2Development of Docks and Other Facilities Along Inland Waterways
Art. 7Acquisition, Construction, Financing, and Improvement of State Docks Facilities
This text of Alabama § 33-2-196 (Reserve Funds for 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 § 33-2-196 (2026).
Text
In the event there shall have been established any reserve or other similar funds for the benefit of any of the outstanding bonds and if the outstanding bonds for which those funds were established are refunded in full by the issuance of refunding bonds hereunder and if under the terms of the instruments establishing such funds, such funds need not be continued for payment of debt service on any outstanding bonds, then any moneys contained in such funds, and any interest accrued with respect thereto after the issuance of said refunding bonds, shall be paid over to the department for its use in providing additions to the docks facilities and for no other purpose, any statutory provision enacted prior to May 29, 1984 to the contrary notwithstanding.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
(Acts 1984, No. 84-412, p. 963, §17.)
Nearby Sections
15
§ 33-1-1.1
Definitions§ 33-1-11
Jurisdiction§ 33-1-12.1
Additional Powers§ 33-1-14
Appraisal of Real Estate; Approval of Facilities by Governor Prerequisite to Beginning Project§ 33-1-15
Amendment of Plans§ 33-1-16
Terminal Railroads§ 33-1-17
Title to Property§ 33-1-2
Alabama State Port AuthorityCite This Page — Counsel Stack
Bluebook (online)
Alabama § 33-2-196, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/33-2-196.