Out of the revenues appropriated and pledged in Section 11-85-108, the State Treasurer is hereby authorized and directed to pay the principal of and the interest on the bonds issued by the authority under this article, as the principal and interest shall respectively mature, and the State Treasurer is further authorized and directed to set up and maintain appropriate records pertaining thereto.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 3 - Provisions Applicable to Counties and Municipal Corporations.
Chapter 85 - Regional Planning and Development.
Article 6 - Alabama Revolving Loan Fund Authority.
Section 11-85-100 - Definitions.
Section 11-85-101 - Incorporation of Authority.
Section 11-85-102 - Application for Incorporation.
Section 11-85-103 - Certificate of Incorporation; Fees.
Section 11-85-104 - Members; Officers; Quorum; Vacancies; Salaries; Record of Proceedings.
Section 11-85-105 - Powers of the Authority.
Section 11-85-106 - Bonds - Issuance and Sale.
Section 11-85-108 - Appropriation and Pledge of Funds for Authority Obligations.
Section 11-85-109 - Administrative and Recordkeeping Functions of Authority.