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Alabama · Through Act 2026-611

Ala. Code § 11-81-189: Impairment, Etc., of Valid Liens or Contracts Not Authorized by Article.

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Where this section sits in the code
  1. Title 11 Counties and Municipal Corporations.
  2. Title 3 Provisions Applicable to Counties and Municipal Corporations.
  3. Chapter 81 Municipal and County Bonds.
  4. Article 5 Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems.

Nothing in this article shall be construed as authorizing any borrower to impair or commit a breach of the obligation of any valid lien or contract created or entered into by it, the intention of this article being to authorize the pledging, setting aside and segregation of gross revenues only where consistent with outstanding obligations of such borrower.

Collected 2026-09-03T14:01:52Z. Source file · JSON

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