Alabama § 11-20-4 - Requirements as to Leasing of Projects.
Full text of Alabama Code of Alabama § 11-20-4 — Requirements as to Leasing of Projects., with citation guidance and answers to common questions.
§ 11-20-4. Requirements as to Leasing of Projects.
Prior to the issuance of any bonds, the county shall lease the project to a lessee under an agreement providing for payment to the county of such rentals as will be sufficient:
(1) To pay the principal of and interest on the bonds issued to finance the project as such principal and interest respectively mature;
(2) To build up and maintain any reserves deemed by the county commission to be advisable in connection therewith; and
(3) To pay the cost of maintaining the project in good repair and keeping it properly insured unless the agreement of lease obligates the lessee to pay for the maintenance and insurance of the project.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 11-20-4
What does Code of Alabama § 11-20-4 cover?
Section 11-20-4 ("Requirements as to Leasing of Projects.") 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 § 11-20-4?
A common citation format is "Code of Alabama § 11-20-4" (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 § 11-20-4 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.