Alabama § 11-100-8 - Application of Payments and Credits; Refunding or Refinancing of Bonds.
Full text of Alabama Code of Alabama § 11-100-8 — Application of Payments and Credits; Refunding or Refinancing of Bonds., with citation guidance and answers to common questions.
§ 11-100-8. Application of Payments and Credits; Refunding or Refinancing of Bonds.
The payments provided for in this chapter shall apply only to debt service incurred pursuant to the provisions of this chapter. No payments or credits shall be allowed for any past debt service payments nor for any debt service payments beyond the date of the final interest and principal payment of the original issue of such bonds. Nothing herein shall restrict any city or county or entities or authorities thereof from refunding or refinancing such bonds within the original maturity schedule to take advantage of savings arising from such refunding or refinancing.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 11-100-8
What does Code of Alabama § 11-100-8 cover?
Section 11-100-8 ("Application of Payments and Credits; Refunding or Refinancing of Bonds.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 11-100-8?
A common citation format is "Code of Alabama § 11-100-8" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 11-100-8 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.