Code of Alabama
Division 1 - Bonds for Street and Sidewalk Improvements, Sewer Systems or Other Improvements Generally.
Section 11-81-118 - Refunding of Excess Assessments - Limitation Period for Presentation of Claims; Disposition of Amounts Not Refunded.

If such claims are not presented within 12 months from the date of the maturity or payment of the bonds, they shall be forever barred, and such amount shall be converted to the general revenue fund of the municipality.

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Structure Code of Alabama

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.

Division 1 - Bonds for Street and Sidewalk Improvements, Sewer Systems or Other Improvements Generally.

Section 11-81-110 - Issuance Generally; Pledge of Proceeds of Assessments, etc., as Security for Payment.

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 11-81-114 - Maintenance and Disposition of Sinking Fund Account for Bond Issues; Enforcement of Maintenance of Accounts, Payment of Bonds, etc.; Disposition of Assessments Securing Bonds in Certain Cities.

Section 11-81-115 - Bond of Officer Charged With Collection of Assessments; Liability of Officer and Members of Governing Body for Diversion, Misappropriation, etc., of Funds.

Section 11-81-116 - Redemption of Bonds.

Section 11-81-117 - Refunding of Excess Assessments - Authority and Procedure Generally.

Section 11-81-118 - Refunding of Excess Assessments - Limitation Period for Presentation of Claims; Disposition of Amounts Not Refunded.

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.