Alabama Code (Last Updated: November 28, 2014) |
Title16 EDUCATION. |
Chapter16. ALABAMA PUBLIC SCHOOL AND COLLEGE AUTHORITY. |
§16-16-12. Payment of principal and interest on bonds.
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Out of the revenues appropriated and pledged in Section 16-16-1, 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 chapter, as such principal and interest shall respectively mature, and the State Treasurer is further authorized and directed to set up and maintain appropriate records pertaining thereto.