State Codes and Statutes

Statutes > Alabama > Title11 > Title2 > 11-47-235

Section 11-47-235

Effect of revenue obligations on State of Alabama; prohibition against use of state funds to retire indebtedness.

Revenue obligations issued by any public authority pursuant to this article shall not create an obligation or debt of the State of Alabama, and no state funds shall be used to retire the principal and interest of any indebtedness issued pursuant to this article.

(Acts 1996, No. 96-320, p. 361, §17.)

State Codes and Statutes

Statutes > Alabama > Title11 > Title2 > 11-47-235

Section 11-47-235

Effect of revenue obligations on State of Alabama; prohibition against use of state funds to retire indebtedness.

Revenue obligations issued by any public authority pursuant to this article shall not create an obligation or debt of the State of Alabama, and no state funds shall be used to retire the principal and interest of any indebtedness issued pursuant to this article.

(Acts 1996, No. 96-320, p. 361, §17.)

State Codes and Statutes

State Codes and Statutes

Statutes > Alabama > Title11 > Title2 > 11-47-235

Section 11-47-235

Effect of revenue obligations on State of Alabama; prohibition against use of state funds to retire indebtedness.

Revenue obligations issued by any public authority pursuant to this article shall not create an obligation or debt of the State of Alabama, and no state funds shall be used to retire the principal and interest of any indebtedness issued pursuant to this article.

(Acts 1996, No. 96-320, p. 361, §17.)