Code of Alabama
Article 9 - Parks, Playgrounds, and Other Recreational and Athletic Areas and Facilities.
Section 11-47-235 - Effect of Revenue Obligations on State of Alabama; Prohibition Against Use of State Funds to Retire Indebtedness.

Revenue obligations issued by any public authority pursuant to this article shall not create an obligation or debt of the State of Alabama, and no state funds shall be used to retire the principal and interest of any indebtedness issued pursuant to this article.

Structure Code of Alabama

Code of Alabama

Title 11 - Counties and Municipal Corporations.

Title 2 - Provisions Applicable to Municipal Corporations Only.

Chapter 47 - Powers, Duties and Liabilities Generally.

Article 9 - Parks, Playgrounds, and Other Recreational and Athletic Areas and Facilities.

Section 11-47-210 - Definitions.

Section 11-47-210.1 - Legislative Findings and Declarations.

Section 11-47-211 - Powers of Subdivisions as to Acquisition or Leasing of Lands, Buildings, etc., for Projects, Generally.

Section 11-47-212 - Exercise by Subdivision With Respect to Projects Outside Corporate Limits or Boundaries of Powers Granted With Respect to Projects Within Corporate Limits or Boundaries.

Section 11-47-213 - Cooperation by Subdivisions in Acquisition, Establishment, Operation, etc., of Projects; Powers of Cooperating Subdivisions.

Section 11-47-214 - Authorization by Subdivisions of Organization and Incorporation of Authorities for Acquisition, Establishment, Operation, etc., of Projects Generally; Application for Authority to Form Corporation; Review of Application; Publicati...

Section 11-47-215 - Certificate of Incorporation of Authorities - Contents.

Section 11-47-216 - Certificate of Incorporation of Authorities - Form; Execution and Acknowledgment; Filing With Probate Judge; Recordation by Probate Judge; Amendment.

Section 11-47-217 - Boards of Directors of Authorities.

Section 11-47-218 - Powers of Authorities Generally; Location of Projects; Exercise of Power of Eminent Domain.

Section 11-47-219 - Authority and Procedure for Dissolution of Authorities; Vesting of Title, etc., to Properties Thereof Upon Dissolution.

Section 11-47-220 - Construction of Article.

Section 11-47-221 - Bonds of an Authority - Execution and Delivery; Form and Denominations; Rate of Interest; Redemption; Issuance and Sale.

Section 11-47-222 - Bonds of an Authority - Sale and Issuance of Refunding Bonds; Maturity; Limitation on Principal Amount; Use of Proceeds; Effectuation of Refunding by Sale or Exchange of Bonds.

Section 11-47-223 - Bonds of an Authority - Signature and Seal.

Section 11-47-224 - Bonds of an Authority - Payment Out of Revenues; Security for Payment; Mortgages, Security Interests, or Assignments as Security for Payment.

Section 11-47-225 - Use of Proceeds of Borrowing; Application of Any Portion of Proceeds Not Needed for Original Purposes.

Section 11-47-226 - Loans, Donations, Performance of Services, etc., by County, Municipality, or Other Political Subdivision, etc., to Achieve Objectives of Article; Funding Agreements; Amount of Indebtedness Under Funding Agreements.

Section 11-47-227 - Construction of Bonds as Negotiable Instruments.

Section 11-47-228 - Exemption From Taxation.

Section 11-47-229 - Exemption From State Laws Governing Usury or Prescribing or Limiting Interest Rates.

Section 11-47-230 - Compliance With State Laws Governing Competitive Bidding.

Section 11-47-231 - Bonds as Legal Investments.

Section 11-47-232 - Authority as Nonprofit Corporation.

Section 11-47-233 - Notice Respecting Issuance of Bonds; Limitation of Actions Contesting Validity of Bonds.

Section 11-47-234 - Eminent Domain.

Section 11-47-235 - Effect of Revenue Obligations on State of Alabama; Prohibition Against Use of State Funds to Retire Indebtedness.

Section 11-47-236 - Application of Alabama Administrative Procedure Act to Rules Adopted by Authorities.

Section 11-47-237 - Application of State Ethics Act to Members of Authorities.

Section 11-47-238 - Relationship of Article to Other Laws.

Section 11-47-239 - Construction of Article to Effect Its Purpose.