GroundRules
Ala. Code § 11-71-8: Refunding of Excess Funds.
Where this section sits in the code
- Title 11 Counties and Municipal Corporations.
- Title 2 Provisions Applicable to Municipal Corporations Only.
- Chapter 71 The Neighborhood Infrastructure Incentive Plan Act of 2011.
Following the completion of the acquisition, construction, or installation of the projects, if there are excess funds from assessments, after fully funding all reserves and contingency funds, the excess funds shall be refunded in a manner determined to be equitable by the board, or as otherwise provided in the board’s proceedings with respect to its bylaws.
Collected 2026-09-03T14:01:53Z. Source file · JSON