Ala. Code § 11-99A-44
Current with legislation from 2024 effective through July 1, 2024.
Bonds of a district may be issued in series, and, for example, one series may be issued as tax-exempt under the United States Internal Revenue Code, while another series may be issued as taxable. A separate series may also have different assessments pledged as security or may have its proceeds designated for the acquisition, construction, and installation of different improvements.
Ala. Code § 11-99A-44 (1975)