GroundRules
Ala. Code § 11-50-99: Disposition of Proceeds from Sale of Bonds.
Where this section sits in the code
- Title 11 Counties and Municipal Corporations.
- Title 2 Provisions Applicable to Municipal Corporations Only.
- Chapter 50 Public Utilities.
- Article 3 Acquisition, Operation, Etc., of Sewers or Sewer Systems by Municipalities Generally.
- Division 2 Purchase of Sanitary Sewers or Sewer Systems and Assessments Therefor.
The proceeds from the sale of bonds authorized to be issued by this division shall be applied only to the payment of the cost of the sewer or sewers or sewer system designated in the ordinance providing for their issue.
Collected 2026-09-03T14:01:51Z. Source file · JSON