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    • Legislation USA
    • Code of Alabama
    • Title 11 - Counties and Municipal Corporations.
    • Title 1 - Provisions Applicable to Counties Only.
    • Chapter 11 - Issuing of Warrants in Anticipation of Gasoline Taxes.
    • Section 11-11-5 - Disposition of Proceeds From Sale of Warrants.

    Code of Alabama
    Chapter 11 - Issuing of Warrants in Anticipation of Gasoline Taxes.
    Section 11-11-5 - Disposition of Proceeds From Sale of Warrants.

    The proceeds derived from the sale of warrants issued under the provisions of this chapter, other than refunding warrants, shall be used for the construction, surfacing, resurfacing, grading and draining of roads, streets, bridges and causeways in the county issuing the same and for payment of the expenses incurred by the county in the authorization and issuance of the said warrants.

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    Structure Code of Alabama

    Code of Alabama

    Title 11 - Counties and Municipal Corporations.

    Title 1 - Provisions Applicable to Counties Only.

    Chapter 11 - Issuing of Warrants in Anticipation of Gasoline Taxes.

    Section 11-11-1 - Definitions.

    Section 11-11-2 - Counties to Which Chapter Applicable.

    Section 11-11-3 - Authority for Issuance; Form, Terms, Denominations, Retirement, etc.; Security for Payment of Principal and Interest on Warrants Generally.

    Section 11-11-4 - Assignment and Pledge of Proceeds of Share of Highway Gasoline Tax for Payment of Principal and Interest.

    Section 11-11-5 - Disposition of Proceeds From Sale of Warrants.

    Section 11-11-6 - Issuance of Refunding Warrants.

    Section 11-11-7 - Warrants to Be Issued Under Chapter Only by Counties Subject Thereto; Issuance of Warrants by Counties Not Subject to Chapter.

    Section 11-11-8 - Exemption From Usury and Interest Statutes.

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