Alabama § 9-14F-12 - Bonds-Disposition of Proceeds.
Full text of Alabama Code of Alabama § 9-14F-12 — Bonds-Disposition of Proceeds., with citation guidance and answers to common questions.
§ 9-14F-12. Bonds-Disposition of Proceeds.
Upon order of the board of directors, all expenses incurred in connection with the authorization, preparation, sale, and issuance of bonds authorized by this chapter and by the amendment shall be paid out of the proceeds thereof. The proceeds remaining after payment of such expenses, together with the income derived from the investment and reinvestment of such proceeds, including income derived from the investment and reinvestment of previously derived income, shall be disbursed from time to time on the order of the authority upon the approval of the Director of Finance, the Commissioner of Conservation and Natural Resources, and the Governor.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 9-14F-12
What does Code of Alabama § 9-14F-12 cover?
Section 9-14F-12 ("Bonds-Disposition of Proceeds.") 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 § 9-14F-12?
A common citation format is "Code of Alabama § 9-14F-12" (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 § 9-14F-12 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.