County commissions, for and in behalf of their respective counties, may make temporary loans in anticipation of the collection of taxes for the year in which such loans are made, and may issue certificates covering such loans and may pledge a sufficient amount of uncollected taxes of the current year to secure the repayment of such loan or loans.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 1 - Provisions Applicable to Counties Only.
Chapter 10 - Making of Loans in Anticipation of Taxes.
Section 11-10-2 - Amount of Loans; Interest, Maturity, Renewal, etc.; Disposition of Proceeds.
Section 11-10-3 - Registration and Payment of Certificates.
Section 11-10-4 - Cancellation of Certificates.
Section 11-10-5 - Certificates Exempt From Taxation.
Section 11-10-6 - State and Local Fiscal Assistance Act of 1972.