Alabama Code (Last Updated: November 28, 2014) |
Title11 COUNTIES AND MUNICIPAL CORPORATIONS. |
Title3 PROVISIONS APPLICABLE TO COUNTIES AND MUNICIPAL CORPORATIONS. |
Chapter81. MUNICIPAL AND COUNTY BONDS. |
Article5. Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems. |
§11-81-182. Payment of expenses of operation or maintenance of system out of general funds.
Latest version.
-
Nothing in this article shall be construed to prohibit the borrower from appropriating and using any part of its available income or revenues derived from any source other than from the operation of such system or combined system in paying any immediate expenses of operation or maintenance of any such system or combined system, but nothing in this article shall be construed to require the borrower to do so.