Out of the revenues appropriated and pledged in Section 16-60-94, the State Treasurer is hereby authorized and directed to pay the principal of and interest on the bonds issued by the authority under the provisions of this article, as such 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
Chapter 60 - Trade Schools and Junior Colleges.
Article 4 - Alabama Trade School and Junior College Authority Act.
Section 16-60-80 - Short Title.
Section 16-60-81 - Definitions.
Section 16-60-82 - Legislative Findings of Fact and Declaration of Intent.
Section 16-60-83 - Authorization to Form Public Corporation.
Section 16-60-84 - Manner of Incorporation.
Section 16-60-85 - Issuance of Certificate of Incorporation.
Section 16-60-86 - Members, Officers and Proceedings of Authority.
Section 16-60-87 - Powers of Authority.
Section 16-60-88 - Determining Location of Trade Schools and Junior Colleges; Site Must Be Donated.
Section 16-60-90 - Authorization to Issue Bonds.
Section 16-60-92 - Refunding Bonds.
Section 16-60-93 - Deposit of and Disbursements From Proceeds of Bonds.
Section 16-60-94 - Revenues of Authority.