Any notes issued pursuant to this article may be refunded or renewed or extended for two additional periods of not more than 18 months from the date of maturity of such notes being refunded or renewed or extended, but otherwise pursuant to all of the terms and conditions of this article, whether or not the capital improvements with respect to which such outstanding notes were issued have been completed, if the state superintendent shall approve such refunding, renewal or extension.
Structure Code of Alabama
Chapter 13 - School Finances Generally.
Article 10 - Notes in Anticipation of Warrants.
Section 16-13-210 - Definitions.
Section 16-13-211 - Borrowing Money in Anticipation of Warrants Authorized; Issuance of Notes.
Section 16-13-212 - Notes Not General Obligation; Board May Pledge Tax Proceeds.
Section 16-13-213 - Refunding, Renewing or Extending Notes.
Section 16-13-214 - Notes Sold at Public or Private Sale.