Alabama § 41-10-630 Pledge and Appropriation of Tobacco Revenues to Redeem Bonds

Alabama Statutes

§ 41-10-630 — Pledge and Appropriation of Tobacco Revenues to Redeem Bonds

Alabama § 41-10-630

JurisdictionAlabama

Title 41State Government

Ch. 10Authorities

Art. 17Alabama 21st Century Authority

Div. 1Authority Generally

This text of Alabama § 41-10-630 (Pledge and Appropriation of Tobacco Revenues to Redeem 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 § 41-10-630 (2026).

Text

There is hereby irrevocably pledged and appropriated such amounts of tobacco revenues retained in the special fund, and earnings thereon, as shall be necessary to pay and to redeem prior to their respective maturities the principal, interest, and premium, if any, on the authority’s bonds and to pay the principal of and the interest on any refunding bonds issued to refund such bonds.

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