Alabama § 11-88-103 - Procedure Where Special Fund Used by Authority in Taking Up Bonds or Coupons Representing Principal at Maturity.
Full text of Alabama Code of Alabama § 11-88-103 — Procedure Where Special Fund Used by Authority in Taking Up Bonds or Coupons Representing Principal at Maturity., with citation guidance and answers to common questions.
§ 11-88-103. Procedure Where Special Fund Used by Authority in Taking Up Bonds or Coupons Representing Principal at Maturity.
Where the authority has used any part of any other special fund for the purpose of taking up at maturity bonds or coupons representing a portion of the principal of bonds which had heretofore been issued for improvements and which had fallen due, the provisions of Section 11-88-102 shall be construed to permit either the issuance of refunding bonds to the authority’s treasurer as custodian of such fund or the sale of such bonds for the purpose of replacing in such fund all moneys of such fund so used.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 11-88-103
What does Code of Alabama § 11-88-103 cover?
Section 11-88-103 ("Procedure Where Special Fund Used by Authority in Taking Up Bonds or Coupons Representing Principal at Maturity.") 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 § 11-88-103?
A common citation format is "Code of Alabama § 11-88-103" (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 § 11-88-103 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.