Ala. Code § 45-49A-82.29

Bonds may be issued by the city or the business owners’ association to pay for improvements in the district, provided that any bond issue is not included in the city’s indebtedness for the purpose of Section 225 of the Constitution of Alabama of 2022 and otherwise complies with any applicable provision imposed by law. Benefit assessments levied in two or more districts may be pledged to secure a single bond issue to finance district improvements.