Alabama § 45-39A-11.29 Bonds

Alabama Statutes

§ 45-39A-11.29 — Bonds

Alabama § 45-39A-11.29

JurisdictionAlabama

Title 45Local Laws

Ch. 39ALauderdale County Municipalities

Art. 1Florence

Part 2Parks, Recreation, and Tourism

Subpart 2Tourism Improvement Districts

This text of Alabama § 45-39A-11.29 (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 § 45-39A-11.29 (2026).

Text

Bonds may be issued by the city or the business owners’ association to pay for improvements in the tourism improvement district, provided that any bond issue is not included in the city’s indebtedness for the purpose of Section 225 of the Constitution of Alabama of 2022, and otherwise complies with any applicable provision imposed by law. Benefit assessments levied in two or more tourism improvement districts may be pledged to secure a single bond issue to finance tourism improvement district improvements.

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Bonds may be issued by the city or the business owners’ association to pay for improvements in the tourism improvement district, provided that any bond issue is not included in the city’s indebtedness for the purpose of Section 225 of the Constitution of Alabama of 2022, and otherwise complies with any applicable provision imposed by law. Benefit assessments levied in two or more tourism improvement districts may be pledged to secure a single bond issue to finance tourism improvement district improvements.