Out of the revenues appropriated and pledged in Section 41-29-506, 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 the said 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 29 - Department of Commerce.
Article 5 - Alabama Jobs Enhancement Act.
Section 41-29-501 - Definitions.
Section 41-29-502 - Authorization to Issue Additional Bonds; Exemption From Usury Laws.
Section 41-29-503 - Authorization to Make Grants of Money.
Section 41-29-504 - Details Respecting the Bonds.
Section 41-29-505 - Deposit and Investment of and Disbursements From Bond Proceeds.