The proceeds of the tax authorized by this part, if imposed, less the cost of collection as provided herein, shall be paid into the county treasury, and all revenues arising therefrom shall be appropriated by the county governing body for the use of any public corporation which may be organized in the county for the purpose of acquiring, constructing, equipping, enlarging, improving, operating, and maintaining a hospital in the county. Such public corporation may pledge any portion of such revenues as security for the payment of the principal of and the interest on any bonds, securities, or other notes or evidences of indebtedness heretofore, or which hereafter may be, issued by such corporation for the purpose of acquiring, constructing, equipping, enlarging, and improving a hospital in the county; and any portion of the proceeds of the tax not so pledged shall be used for the support, maintenance, and operation of such hospital.
Structure Code of Alabama
Section 45-17-242 - Election to Authorize Tax.
Section 45-17-242.01 - Levy of Tax.
Section 45-17-242.02 - Use of Stamps for Payment.
Section 45-17-242.03 - Issuance of Stamps.
Section 45-17-242.04 - Rules and Regulations; Enforcement; Compensation of Officers and Employees.
Section 45-17-242.06 - Disposition of Funds for Hospital Purposes.