Alabama § 41-10-30 - Pledge and Appropriation of Certain Tax Receipts for Sinking Fund for Payment of Principal and Interest on Bonds.
Full text of Alabama Code of Alabama § 41-10-30 — Pledge and Appropriation of Certain Tax Receipts for Sinking Fund for Payment of Principal and Interest on Bonds., with citation guidance and answers to common questions.
§ 41-10-30. Pledge and Appropriation of Certain Tax Receipts for Sinking Fund for Payment of Principal and Interest on Bonds.
For the purpose of providing funds to enable the authority to pay, at their respective maturities, the principal of and interest on any bonds issued by it under the provisions of this article and to accomplish the objects of this article, there is hereby irrevocably pledged to such purpose and there is hereby appropriated so much as may be necessary for such purpose of the receipts from the tax levied by Sections 40-25-2 and 40-25-41 and distributed in accordance with subparagraph (1) b. 1. i. of Section 40-25-23. All moneys hereby appropriated and pledged shall constitute a sinking fund for the purpose of paying the principal of and the interest on the bonds authorized by this article.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 41-10-30
What does Code of Alabama § 41-10-30 cover?
Section 41-10-30 ("Pledge and Appropriation of Certain Tax Receipts for Sinking Fund for Payment of Principal and Interest on 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 § 41-10-30?
A common citation format is "Code of Alabama § 41-10-30" (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 § 41-10-30 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.