In the event the amount collected from the assessment under any improvement ordinance shall exceed the total cost and expense of the improvement, there shall be refunded to each of the parties affected by said assessment a proportionate amount of the excess upon demand made therefor by said parties within 12 months after maturity or payment of the bonds authorized by this division.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 3 - Provisions Applicable to Counties and Municipal Corporations.
Chapter 81 - Municipal and County Bonds.
Article 4 - Public Improvement Bonds.
Section 11-81-111 - Maturity and Payment; Sale or Delivery in Payment for Work.
Section 11-81-112 - Disposition of Proceeds From Sale.
Section 11-81-113 - Grouping of Improvements for Issuance of Bonds.
Section 11-81-116 - Redemption of Bonds.
Section 11-81-117 - Refunding of Excess Assessments - Authority and Procedure Generally.
Section 11-81-119 - Settlement, Adjustment or Refunding of Bonds.
Section 11-81-120 - Sale or Issuance to Custodian of Special Fund, etc., of Refunding Bonds.
Section 11-81-121 - Consolidation of Separate Outstanding Issues for Issuance of Refunding Bonds.
Section 11-81-122 - Maintenance and Disposition of Sinking Fund Accounts for Refunding Bond Issues.
Section 11-81-123 - Liability, etc., Upon Bonds, etc., When Municipalities Consolidated.