Alabama § 45-54-242.04 - Disposition of Funds; Definitions.

(a) All revenues arising from the taxes herein levied shall be used exclusively and solely for the public purposes in Pickens County, including the acquisition by purchase, lease, or otherwise, and the construction, equipment, operation, and maintenance of public hospital facilities, or any one or more such purposes. The revenues paid to Pickens County Hospital Association shall be applied by it solely for the following public health purposes and in the following order: (1) Payment of the principal of and interest on any securities at any time issued by it for payment of costs of acquisition, by purchase, lease, or otherwise, construction and equipment of public hospital facilities in the county, including particularly, but without limitation, any securities issued by it for the purpose of paying the costs of acquiring, constructing, and equipping a public hospital facility in or near the Town of Carrollton, Alabama; and (2) to the extent that the revenues are in excess of the amount required for payment of such principal and interest, for payment of the costs of operating and maintaining the public hospital facility. The revenues, including any revenues on hand after May 1, 1995, previously earmarked for public health purposes, shall be paid to the Pickens County Commission and deposited in the county general fund and applied by it for public purposes in the county.

(b) The term Pickens County Hospital Association, wherever used in this subpart, mean that certain public corporation organized in Pickens County under Act 211, enacted at the 1945 Regular Session of the Legislature of Alabama, and heretofore designated, pursuant to procedures provided for in Act 640, enacted at the 1949 Regular Session of the Legislature, as the agency of the county to acquire, construct, equip, operate, and maintain public health facilities.