In any budget year, in anticipation of the collection or receipt of other revenues of that budget year, the council may by resolution authorize the borrowing of money by the issuance of negotiable notes of the city, each of which shall be designated "special revenue note for the year 2___." (stating the budget year). Such notes may be renewed from time to time, but all such notes, together with the renewals thereof, shall mature and be paid not later than the end of the fiscal year after the budget year in which the original notes shall have been issued.
Structure Code of Alabama
Chapter 8A - Calhoun County Municipalities.
Division 6 - Department of Finance.
Section 45-8A-23.170 - Director of Finance - Appointment.
Section 45-8A-23.171 - Director of Finance - Qualifications.
Section 45-8A-23.172 - Director of Finance - Surety Bond.
Section 45-8A-23.173 - Director of Finance - Powers and Duties.
Section 45-8A-23.174 - Work Programs; Allotments.
Section 45-8A-23.175 - Allotments Constitute Basis of Expenditures and Are Subject to Revision.
Section 45-8A-23.176 - Transfers of Appropriations.
Section 45-8A-23.177 - Accounting Supervision and Control.
Section 45-8A-23.178 - When Contracts and Expenditures Prohibited.
Section 45-8A-23.179 - Appropriations Lapse at End of Year,
Section 45-8A-23.180 - Fees Shall Be Paid to City Government.
Section 45-8A-23.181 - Division of Purchases.
Section 45-8A-23.182 - Competitive Bidding.
Section 45-8A-23.183 - Contracts for City Improvements.
Section 45-8A-23.184 - Accounting Control of Purchases.
Section 45-8A-23.185 - No Contract Executed Until Bond Ordinance Effective.
Section 45-8A-23.186 - Emergency Appropriations.
Section 45-8A-23.187 - Borrowing to Meet Emergency Appropriations.
Section 45-8A-23.188 - Borrowing in Anticipation of Property Taxes.
Section 45-8A-23.189 - Borrowing in Anticipation of Other Revenues.