Nothing herein contained shall be construed to authorize any local board of education to pledge, for the benefit of any warrants issued hereunder, any portion of the Foundation Program Fund moneys paid, apportioned or allocated to it under the provisions of this chapter, nor any portion of public school fund moneys paid, apportioned or allocated to it under the provisions of this article.
Structure Code of Alabama
Chapter 13 - School Finances Generally.
Article 4 - Tax Anticipation Warrants in Cities and Counties.
Section 16-13-70 - Issuance Authorized; Purposes; Source of Payment.
Section 16-13-71 - Terms and Conditions; Sale; Use of Proceeds.
Section 16-13-72 - Refunding Warrants.
Section 16-13-73 - Approval of Issue by State Superintendent of Education.
Section 16-13-74 - Warrants Legal Investments for Fiduciaries.
Section 16-13-75 - Exemption From Taxation.
Section 16-13-76 - Moneys Allocated Under Article or Chapter Not to Be Pledged.
Section 16-13-77 - Effect of Article on Existing Powers of Boards of Education.