Ala. Code § 41-10-675: Pledge and Appropriation of Pledged Revenues.
Where this section sits in the code
- Title 41 State Government.
- Chapter 10 Authorities.
- Article 17 Alabama 21st Century Authority.
- Division 3 Job Development Act of 2001.
There is hereby irrevocably pledged and appropriated such amount of pledged revenues deposited in the special fund, and earnings thereon, as may be necessary to pay and to redeem prior to their respective maturities the principal, interest, and premium, if any, on the bonds; provided, however that the bonds may not be issued in principal amounts and maturities such that the debt service payable on such bonds may ever be greater than the amounts permitted by the Enabling Act.
Collected 2026-09-03T14:01:52Z. Source file · JSON