GroundRules
Ala. Code § 16-60-93: Deposit of and Disbursements from Proceeds of Bonds.
Where this section sits in the code
- Title 16 Education.
- Chapter 60 Trade Schools and Junior Colleges.
- Article 4 Alabama Trade School and Junior College Authority Act.
The proceeds of all bonds, other than refunding bonds, issued by the authority remaining after paying expenses of their issuance shall be deposited in the State Treasury and shall be carried in the State Treasury in a special or separate account. Such funds shall be subject to be drawn upon by the authority and shall be used solely for the purposes for which the bonds were issued as authorized in this article.
Collected 2026-09-03T14:01:51Z. Source file · JSON