This article is not intended and shall not be executed, enforced or construed so as to allow any diversion or conversion of any particular sinking funds, or part thereof, from the object and purpose for which such particular fund or part thereof was created, but they shall be executed and enforced so as to enhance and increase the value of all sinking funds and to apply each particular fund and the increased value or interest accruing therefrom to the prompt and faithful payment of the particular indebtedness or obligation for which the fund was created, and no sinking funds or any part thereof shall be devoted to any other use or purpose than that for which it was created and provided.
Structure Code of Alabama
Chapter 4 - Department of Finance.
Article 1 - General Provisions.
Section 41-4-2 - General Purpose of Department; Seal.
Section 41-4-3 - Duties of Department Generally.
Section 41-4-3.1 - Monthly Reports on Condition of General Fund and Education Trust Fund.
Section 41-4-4 - Certain Appropriations to Be Expended by Department.
Section 41-4-5 - Appointment of Employees; Officers and Employees Subject to Merit System.
Section 41-4-6 - Oath of Office and Full-Time Service of Officers and Chiefs of Divisions.
Section 41-4-7 - Bonds of Comptroller, Purchasing Agent, Chiefs of Divisions of Department, Etc.
Section 41-4-9 - Grants Received From the Federal Government.
Section 41-4-8 - Powers and Duties of Department as to Educational and Eleemosynary Institutions.
Section 41-4-10 - Use of Funds in Sinking Fund - Purchase and Holding in Trust of State Bonds.
Section 41-4-13 - Use of Funds in Sinking Fund - Deposit of Funds in Savings Banks.
Section 41-4-15 - Use of Funds in Sinking Fund - Sinking Fund Not to Be Diverted From Its Object.