§ 41-9-476 — Pledge of Revenues for Payment of Bonds

Alabama § 41-9-476

• Jurisdiction: Alabama
• Title 41: State Government
• Ch. 9: Boards and Commissions
• Art. 17: Motor Sports Hall of Fame Commission

Text

Any general obligation bonds shall also be payable from and secured by a pledge of the revenues and income of the commission remaining after the payment of the reasonable and necessary expenses of operating and maintaining the facilities to be constructed by the commission.

Legislative History

(Acts 1975, No. 1137, §7.)