Effect of Revenue Obligations on State of Alabama; Prohibition Against Use of State Funds to Retire Indebtedness.

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  7. Effect of Revenue Obligations on State of Alabama; Prohibition Against Use of State Funds to Retire Indebtedness.

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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.)


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