Alabama § 41-10-655 Debt Service

Alabama Statutes

§ 41-10-655 — Debt Service

Alabama·Title 41 State Government·Ch. 10 Authorities·Art. 17 Alabama 21st Century Authority·Div. 2 Job Development Act of 1999

There is hereby irrevocably pledged and appropriated such amount of pledged revenues deposited in the special fund, and earnings thereon, as may be necessary to pay and to redeem prior to their respective maturities the principal, interest and premium, if any, on the bonds; provided, however that the bonds may not be issued in principal amounts and maturities such that the debt service payable on such bonds may ever be greater than the amounts permitted by Division 1.

Free access — add to your briefcase to read the full text and ask questions with AI

There is hereby irrevocably pledged and appropriated such amount of pledged revenues deposited in the special fund, and earnings thereon, as may be necessary to pay and to redeem prior to their respective maturities the principal, interest and premium, if any, on the bonds; provided, however that the bonds may not be issued in principal amounts and maturities such that the debt service payable on such bonds may ever be greater than the amounts permitted by Division 1.

Alabama § 41-10-655 (Debt Service) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.