Alabama Code 41-10-31. Payment of principal and interest on bonds and maintenance of records pertaining thereto by State Treasurer
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Terms Used In Alabama Code 41-10-31
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- state: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Alabama Code 1-1-1
Out of the revenues appropriated and pledged in Section appropriation of certain tax receipts for sinking fund for payment of principal and interest on bonds” class=”unlinked-ref” datatype=”S” sessionyear=”2020″ statecd=”AL” title=”41″>41-10-30, 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 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.