Ala. Code § 41-9-476

Current through the 2024 Regular Session.

Section 41-9-476 - Pledge of revenues for payment of bonds

Any general obligation bonds shall also be payable from and secured by a pledge of the revenues and income of the commission remaining after the payment of the reasonable and necessary expenses of operating and maintaining the facilities to be constructed by the commission.

Ala. Code § 41-9-476 (1975)

Acts 1975, No. 1137, §7.