Alabama Statutes
§ 45-17-242.06 — Disposition of Funds for Hospital Purposes
Alabama § 45-17-242.06
This text of Alabama § 45-17-242.06 (Disposition of Funds for Hospital Purposes) 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 § 45-17-242.06 (2026).
Text
The proceeds of the tax authorized by this part, if imposed, less the cost of collection as provided herein, shall be paid into the county treasury, and all revenues arising therefrom shall be appropriated by the county governing body for the use of any public corporation which may be organized in the county for the purpose of acquiring, constructing, equipping, enlarging, improving, operating, and maintaining a hospital in the county. Such public corporation may pledge any portion of such revenues as security for the payment of the principal of and the interest on any bonds, securities, or other notes or evidences of indebtedness heretofore, or which hereafter may be, issued by such corporation for the purpose of acquiring, constructing, equipping, enlarging, and improving a hospital in t
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Legislative History
(Acts 1957, No. 243, p. 308, §7.)
Nearby Sections
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Reserved§ 45-1-130
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Bluebook (online)
Alabama § 45-17-242.06, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/45-17-242.06.