The county governing bodies of the several counties are hereby authorized to issue any revenue bonds or warrants deemed essential in accordance with existing statutes and laws of the State of Alabama to meet their financial obligations under a property reappraisal program; provided, that any revenue bonds or warrants issued for a property reappraisal program other than that required by this article shall be approved by the Legislature. The heretofore stated provision for financing is hereby authorized to be applied by the state to cover the expenses necessarily incurred to finance the reappraisal of property in any and all counties, whenever it shall become necessary for the Department of Revenue to conduct the property reappraisal program in such county. The proceeds from such bonds or warrants issued by the state or county shall be repaid on the same proration basis as set out previously in Section 40-7-68.
Structure Code of Alabama
Title 40 - Revenue and Taxation.
Chapter 7 - Assessment of Taxes Generally.
Article 2 - Statewide Property Reappraisal.
Division 1 - General Provisions.
Section 40-7-63 - Time for Completion of Appraisal.
Section 40-7-69 - Authority to Issue Revenue Bonds to Finance Program.
Section 40-7-72 - Additional Appropriations.
Section 40-7-74 - Administration of Program.
Section 40-7-73 - Avoidance or Frustration of Provisions or Intent of Article.
Section 40-7-75 - Reappraisal of Taxable Property in Marshall County.