Alabama § 45-58-244.30 Tax Proceeds May Be Pledged

Alabama Statutes

§ 45-58-244.30 — Tax Proceeds May Be Pledged

Alabama § 45-58-244.30

JurisdictionAlabama

Title 45Local Laws

Ch. 58Shelby County

Art. 24Taxation

Part 5Tax, Sales and Use

Subpart 2Special County Privilege License and Excise Tax

This text of Alabama § 45-58-244.30 (Tax Proceeds May Be Pledged) 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 § 45-58-244.30 (2026).

Text

The tax proceeds to be distributed to any board of education pursuant to subdivision (1) of Section 45–58–244.29 may be used by the board for any public school or education purpose, including the payment of the principal of, premium, if any, and interest on any warrants, notes, securities, or other obligations issued by the board and the tax proceeds may be pledged for the payment. The tax proceeds to be distributed to the county pursuant to subdivision (2) of Section 45–58–244.29 may be used by the county for any lawful purpose, including to the payment of the principal of, premium, if any, and interest on any bonds, warrants, notes, securities, or other obligations issued by the county and the tax proceeds may be pledged for the payment to the extent otherwise permitted by law.

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The tax proceeds to be distributed to any board of education pursuant to subdivision (1) of Section 45–58–244.29 may be used by the board for any public school or education purpose, including the payment of the principal of, premium, if any, and interest on any warrants, notes, securities, or other obligations issued by the board and the tax proceeds may be pledged for the payment. The tax proceeds to be distributed to the county pursuant to subdivision (2) of Section 45–58–244.29 may be used by the county for any lawful purpose, including to the payment of the principal of, premium, if any, and interest on any bonds, warrants, notes, securities, or other obligations issued by the county and the tax proceeds may be pledged for the payment to the extent otherwise permitted by law.