Alabama § 9-14A-19 Bonds - Proceeds - Alabama State Parks System Maintenance Fund

Alabama Statutes

§ 9-14A-19 — Bonds - Proceeds - Alabama State Parks System Maintenance Fund

Alabama·Title 9 Conservation and Natural Resources·Ch. 14A Alabama Public Recreational and Historical Facilities Improvement Act

Except as provided herein, the proceeds from the bonds issued by the Alabama State Parks System Improvement Corporation and interest income thereon are appropriated for the acquisition, provision, construction, improvement, renovation, equipping, and maintenance of the state parks system and the issuance costs of the bonds. Five percent of such proceeds and any revenues generated therefrom shall be distributed into a separate fund entitled the Alabama State Parks System Maintenance Fund and shall be used exclusively for maintenance of the state parks system.

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Except as provided herein, the proceeds from the bonds issued by the Alabama State Parks System Improvement Corporation and interest income thereon are appropriated for the acquisition, provision, construction, improvement, renovation, equipping, and maintenance of the state parks system and the issuance costs of the bonds. Five percent of such proceeds and any revenues generated therefrom shall be distributed into a separate fund entitled the Alabama State Parks System Maintenance Fund and shall be used exclusively for maintenance of the state parks system.

Alabama § 9-14A-19 (Bonds - Proceeds - Alabama State Parks System Maintenance Fund) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.