Alabama Code (Last Updated: November 28, 2014) |
Title9 CONSERVATION AND NATURAL RESOURCES. |
Chapter14A. ALABAMA PUBLIC RECREATIONAL AND HISTORICAL FACILITIES IMPROVEMENT ACT. |
§9-14A-19. Bonds - Proceeds - Alabama State Parks System Maintenance Fund.
Latest version.
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Except as provided herein, the proceeds from the bonds issued by the Alabama State Parks System Improvement Corporation and interest income thereon are appropriated for the acquisition, provision, construction, improvement, renovation, equipping, and maintenance of the state parks system and the issuance costs of the bonds. Five percent of such proceeds and any revenues generated therefrom shall be distributed into a separate fund entitled the Alabama State Parks System Maintenance Fund and shall be used exclusively for maintenance of the state parks system.