Alabama § 45-51A-33.170 Borrowing in Anticipation of Revenues

Alabama Statutes

§ 45-51A-33.170 — Borrowing in Anticipation of Revenues

Alabama § 45-51A-33.170

JurisdictionAlabama

Title 45Local Laws

Ch. 51AMontgomery County Municipalities

Art. 3Montgomery

Part 4Mayor-Council Act of 1973

Subpart 6Department of Finance

This text of Alabama § 45-51A-33.170 (Borrowing in Anticipation of Revenues) 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 § 45-51A-33.170 (2026).

Text

In any budget year, in anticipation of the collection or receipt of revenues of the budget year, the council may by resolution authorize the borrowing of money by the issuance of negotiable notes of the city, each of which shall be designated revenue note for the year 2..... (stating the budget year). The notes may be renewed from time to time; but all notes, together with the renewals thereof, shall mature and be paid not later than the end of the fiscal year after the budget year in which the original notes have been issued. The borrowing shall be subject to any limitation on amount provided by statute.

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In any budget year, in anticipation of the collection or receipt of revenues of the budget year, the council may by resolution authorize the borrowing of money by the issuance of negotiable notes of the city, each of which shall be designated revenue note for the year 2..... (stating the budget year). The notes may be renewed from time to time; but all notes, together with the renewals thereof, shall mature and be paid not later than the end of the fiscal year after the budget year in which the original notes have been issued. The borrowing shall be subject to any limitation on amount provided by statute.