Section 11-8-5
Temporary loans to constitute part of annual county operating revenue and expenses in budget; payment of same.
In making up the budget provided for under this chapter the amount borrowed on temporary loans in anticipation of the collection of taxes to be made during each fiscal year shall be included as a part of the operating revenue of the county for such year and the amount of such temporary loan, principal, and interest payable in each fiscal year, shall constitute a part of the current operating expenses to be included in the budget of the county for the fiscal year in which such loans are payable and shall be paid out of the funds pledged therefor.
(Acts 1935, No. 379, p. 803; Code 1940, T. 12, §85.)