reglab/statecodes huggingface dataset:
2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 1 - Provisions Applicable to Counties Only. › Chapter 9 - Warrants for Utility Purposes. › Article 1 - Warrants or Certificates of Indebtedness for Sanitary Sewer Systems. › Section 11-9-2 - Authority for Issuance; Form, Terms, Denominations, etc.; Sale and Disposition of Proceeds; Pledge for Payment of Principal and Interest Generally.

Section 11-9-2
Authority for issuance; form, terms, denominations, etc.; sale and disposition of proceeds; pledge for payment of principal and interest generally.
Each county which is now levying or may hereafter levy a special sanitary tax shall have the power from time to time to sell and issue, in addition to all other securities which it may now or hereafter be authorized to issue, interest-bearing warrants or certificates of indebtedness of such county for the purpose of paying the costs of acquiring, providing, constructing, enlarging or extending a sanitary sewer system or systems or any part or parts thereof, including sanitary sewers, outfall lines, a sewage disposal plant or plants and appurtenances to any thereof; provided, that the maximum principal amount of warrants and certificates of indebtedness that may be issued under the provisions of this article shall not exceed $1,500,000.00.
Any such warrants or certificates of indebtedness may be in such denomination or denominations, may have such maturity or maturities not exceeding 20 years from their date, may bear interest at such rate or rates not exceeding six percent per annum payable semiannually, may be payable at such place or places whether within or without this state, may be executed in such manner and may contain such terms not in conflict with the provisions of this article, all as the county commission of the county may provide in the proceedings wherein the warrants or certificates of indebtedness are authorized to be issued.
All such warrants and certificates of indebtedness shall be sold only at public sale at such time or times and in such manner and after such notice as the county commission of the county may direct. All such warrants and certificates of indebtedness shall evidence general obligation debts of the county by which they are issued and the full faith and credit of the county shall be irrevocably pledged for the payment of the principal thereof and interest thereon. The proceeds derived from the sale of any such warrants or certificates of indebtedness shall be used solely for the purposes for which they are authorized to be issued, including the payment of any expenses incurred in connection with the issuance thereof.
(Acts 1955, No. 263, p. 610, §2.)
2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 1 - Provisions Applicable to Counties Only. › Chapter 9 - Warrants for Utility Purposes. › Article 1 - Warrants or Certificates of Indebtedness for Sanitary Sewer Systems. › Section 11-9-3 - Pledges of Special Sanitary Tax for Payment of Principal and Interest.

Section 11-9-3
Pledges of special sanitary tax for payment of principal and interest.
The county commission of the county issuing any such warrants or certificates of indebtedness shall have the power to pledge and to use or cause to be used for the payment of the principal of and interest on such warrants and certificates of indebtedness so much as may be necessary for such purpose of the proceeds from the special sanitary tax levied by said county.
If more than one such pledge shall be made with respect to the proceeds from the special sanitary tax, then such pledges shall take precedence in the order in which they are made unless the proceedings making any such pledge shall expressly provide that such pledge shall be on a parity with or subordinate to a subsequent pledge of the special sanitary tax.
Any such warrants or certificates of indebtedness for which such pledge may be made shall constitute preferred claims against the proceeds of the special sanitary tax so pledged and shall have preference over claims against said proceeds for the maintenance, repair and operation of sanitary facilities and all other claims against said proceeds.
(Acts 1955, No. 263, p. 610, §3.)
2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 1 - Provisions Applicable to Counties Only. › Chapter 9 - Warrants for Utility Purposes. › Article 1 - Warrants or Certificates of Indebtedness for Sanitary Sewer Systems. › Section 11-9-4 - Investment of Trust Funds in Warrants or Certificates of Indebtedness.

Section 11-9-4
Investment of trust funds in warrants or certificates of indebtedness.
Unless otherwise directed by the court having jurisdiction thereof or by the document that is the source of authority, a trustee, executor, administrator, guardian or one acting in any other fiduciary capacity may, in addition to any other investment powers conferred by law and with the exercise of reasonable business prudence, invest trust funds in warrants and certificates of indebtedness issued under the provisions of this article.
(Acts 1955, No. 263, p. 610, §4.)
2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 1 - Provisions Applicable to Counties Only. › Chapter 9 - Warrants for Utility Purposes. › Article 1 - Warrants or Certificates of Indebtedness for Sanitary Sewer Systems. › Section 11-9-5 - Issuance of Refunding Warrants and Certificates of Indebtedness.

Section 11-9-5
Issuance of refunding warrants and certificates of indebtedness.
Each such county may in like manner from time to time issue refunding warrants and refunding certificates of indebtedness, either by sale or by exchange, for the purpose of refunding a like or greater principal amount of warrants and certificates of indebtedness then outstanding which were issued under the provisions of this article. The provisions of this article applicable to the original issue of such warrants and certificates of indebtedness so refunded shall likewise be applicable to any refunding warrants and refunding certificates of indebtedness; except, that in the event such refunding warrants or refunding certificates of indebtedness are sold the proceeds from such sale shall be used only to retire the warrants and certificates of indebtedness refunded thereby; and except that said refunding warrants and refunding certificates of indebtedness shall not be charged against the limitation on the amount of warrants and certificates of indebtedness that may be issued under the provisions of this article as set out in section 11-9-2.
(Acts 1955, No. 263, p. 610, §5.)
2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 1 - Provisions Applicable to Counties Only. › Chapter 9 - Warrants for Utility Purposes. › Article 2 - Waterworks Systems Warrants. › Section 11-9-20 - Definitions.

Section 11-9-20
Definitions.
Wherever used in this article, unless a different meaning clearly appears in the context, the following terms shall be given the respective interpretations specified in this section:
(1) COUNTY. Each county in the state.
(2) GOVERNING BODY. The county commission of a county.
(3) MUNICIPALITY. A municipal corporation in the state.
(4) STATE. The State of Alabama.
(5) WATERWORKS SYSTEM. Facilities for the gathering, collecting, impounding, treatment, transmission and distribution or any of them of water for domestic use or for industrial use or both, together with all appurtenances to any such facilities and all property used or useful in connection with such facilities, including franchises.
(Acts 1973, No. 1128, p. 1901, §2.)
2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 1 - Provisions Applicable to Counties Only. › Chapter 9 - Warrants for Utility Purposes. › Article 2 - Waterworks Systems Warrants. › Section 11-9-21 - Legislative Intent; Construction of Article.

Section 11-9-21
Legislative intent; construction of article.
It is the intention of the Legislature by the passage of this article to authorize each county in the state to finance the acquisition by such county through purchase, construction or otherwise of one or more waterworks systems by the sale and issuance of interest-bearing warrants of such county for payment of costs of acquiring such system or systems. This article shall be liberally construed in conformity with the said intention.
(Acts 1973, No. 1128, p. 1901, §1.)
2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 1 - Provisions Applicable to Counties Only. › Chapter 9 - Warrants for Utility Purposes. › Article 2 - Waterworks Systems Warrants. › Section 11-9-22 - Authority for Issuance; Form, Terms, Denominations, etc.; Sale and Disposition of Proceeds; Pledge for Payment of Principal and Interest Generally.

Section 11-9-22
Authority for issuance; form, terms, denominations, etc.; sale and disposition of proceeds; pledge for payment of principal and interest generally.
Each county shall have the power from time to time to sell and issue interest-bearing warrants of such county for the purpose of paying costs to that county of acquiring and providing one or more waterworks systems for the purpose of rendering water service in any part of the county; provided, that the county shall not render water service within any municipality except pursuant to franchise granted to the county by such municipality. Any warrants issued under the provisions of this article may be in such denomination or denominations, may have such maturity or maturities not exceeding 30 years from their date, may bear interest from their date at such rate or rates payable at such times, may be payable at such place or places within or without the state, may be sold at such time or times and in such manner, whether publicly or privately, may be executed in such manner and may contain such terms not in conflict with the provisions of this article, all as the governing body of such county may provide in the proceedings wherein the warrants are authorized to be issued. All such warrants shall evidence general obligation indebtedness of the county by which they are issued and the full faith and credit of the county shall be irrevocably pledged for the payment of the principal thereof and interest thereon. The proceeds derived from the sale of any such warrants shall be used solely for the purpose for which they are authorized to be issued, including the payment of any expenses incurred in connection with the issuance thereof.
(Acts 1973, No. 1128, p. 1901, §3.)
2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 1 - Provisions Applicable to Counties Only. › Chapter 9 - Warrants for Utility Purposes. › Article 2 - Waterworks Systems Warrants. › Section 11-9-23 - Special Pledges for Payment of Principal and Interest.

Section 11-9-23
Special pledges for payment of principal and interest.
The county commission of the county issuing any such warrants may, in its discretion, assign and specially pledge for the payment of the principal of and interest on such warrants so much as may be necessary for said payment of any one or more of the following (or any part thereof):
(1) The proceeds from the general annual ad valorem tax of one half of one percent which the county is authorized to levy without reference to the purpose thereof under the provisions of Section 215 of the Constitution of Alabama of 1901;
(2) The proceeds from any other tax (including any ad valorem tax and any privilege, license or excise tax) that at the time of the issuance of the said warrants may lawfully be used by the county for payment of such principal and interest; and,
(3) The revenues derived by the county from any waterworks system of the county.
To the extent necessary and sufficient for making the payments in respect of which such pledge is made, any tax or revenues pledged pursuant to the provisions of this section shall constitute a trust fund or funds which shall be impressed with a lien in favor of the holders of the warrants to the payment of which such sums are pledged. In the event that more than one pledge should be made with respect to any tax or revenues the pledge of which is herein authorized in this section, then such pledges shall take precedence in the order in which they are made unless the proceedings making such pledge shall expressly provide that such pledge shall be on a parity with or subordinate to a subsequent pledge thereof.
All warrants for which the pledge authorized in this section may be made shall constitute preferred claims against that portion of the said tax or taxes or revenues so pledged (subject to any prior lawful pledges thereof in existence at the time of the issuance of the warrants, whether made under the provisions of this or any other statute) and shall have preference over claims incurred by the county for operation and maintenance of any waterworks system of the county and any other claims for any other purpose whatsoever.
(Acts 1973, No. 1128, p. 1901, §4.)
2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 1 - Provisions Applicable to Counties Only. › Chapter 9 - Warrants for Utility Purposes. › Article 2 - Waterworks Systems Warrants. › Section 11-9-24 - Issuance of Refunding Warrants.

Section 11-9-24
Issuance of refunding warrants.
Each such county may in like manner from time to time issue refunding warrants, either by sale or by exchange, for the purpose of refunding a like or greater principal amount of warrants then outstanding which were issued under the provisions of this article and the interest thereon and paying any premium necessary to be paid to retire the outstanding warrants refunded thereby. The provisions of this article applicable to the warrants so refunded shall likewise be applicable to such refunding warrants.
(Acts 1973, No. 1128, p. 1901, §5.)
2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 1 - Provisions Applicable to Counties Only. › Chapter 9 - Warrants for Utility Purposes. › Article 2 - Waterworks Systems Warrants. › Section 11-9-25 - Investment of Trust Funds in Warrants.

Section 11-9-25
Investment of trust funds in warrants.
Unless otherwise directed by the court having jurisdiction thereof or by the document that is the source of authority, a trustee, executor, administrator, guardian or one acting in any other fiduciary capacity may, in addition to any other investment powers, invest trust funds in warrants issued under the provisions of this article.
(Acts 1973, No. 1128, p. 1901, §6.)
2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 1 - Provisions Applicable to Counties Only. › Chapter 9 - Warrants for Utility Purposes. › Article 2 - Waterworks Systems Warrants. › Section 11-9-26 - Issuance of Warrants Deemed to Constitute Audit and Allowance of Claim.

Section 11-9-26
Issuance of warrants deemed to constitute audit and allowance of claim.
The issuance of warrants and any interest coupons applicable thereto pursuant to the provisions of this article and in accordance with the authorization of the county commission of the county issuing such warrants shall be deemed to constitute an audit and allowance by such county commission of a claim, in the aggregate principal amount of such warrants and interest coupons, against the county and against any tax proceeds and any revenues or either thereof pledged for payment of such warrants pursuant to the provisions of this article. No proof of registration or other audit or allowance of such claim shall be required and such warrants and interest coupons shall, from and after the date of their lawful issuance, be deemed to be allowed claims against the county by which they were issued and against any tax proceeds and revenues or either so pledged therefor.
(Acts 1973, No. 1128, p. 1901, §7.)
2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 1 - Provisions Applicable to Counties Only. › Chapter 9 - Warrants for Utility Purposes. › Article 2 - Waterworks Systems Warrants. › Section 11-9-27 - Exemptions From Usury or Interest Rate Statutes.

Section 11-9-27
Exemptions from usury or interest rate statutes.
Any warrants issued by a county under the provisions of this article for the purpose of paying costs of acquiring and providing waterworks systems are hereby exempted from the laws of the State of Alabama governing usury or prescribing or limiting interest rates, including, without limitation, the provisions of chapter 8 of Title 8 of this Code.
(Acts 1975, No. 1131, §1.)
2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 1 - Provisions Applicable to Counties Only. › Chapter 9 - Warrants for Utility Purposes. › Article 2 - Waterworks Systems Warrants. › Section 11-9-28 - Provisions of Article Controlling; Applicability of Provisions of Section 11-8-10.

Section 11-9-28
Provisions of article controlling; applicability of provisions of section 11-8-10.
Insofar as the provisions of this article may be inconsistent with the provisions of any other law, the provisions of this article shall control, it being hereby specifically declared that the provisions of section 11-8-10 shall not be applicable to the warrants issued under the provisions of this article.
(Acts 1973, No. 1128, p. 1901, §8.)
2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 1 - Provisions Applicable to Counties Only. › Chapter 10 - Making of Loans in Anticipation of Taxes. › Section 11-10-1 - Authorized; Issuance of Certificates Evidencing Loans; Pledge of Uncollected Taxes to Secure Repayment.

Section 11-10-1
Authorized; issuance of certificates evidencing loans; pledge of uncollected taxes to secure repayment.
County commissions, for and in behalf of their respective counties, may make temporary loans in anticipation of the collection of taxes for the year in which such loans are made, and may issue certificates covering such loans and may pledge a sufficient amount of uncollected taxes of the current year to secure the repayment of such loan or loans.
(Acts 1915, No. 53, p. 105; Code 1923, §239; Code 1940, T. 12, §124.)
2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 1 - Provisions Applicable to Counties Only. › Chapter 10 - Making of Loans in Anticipation of Taxes. › Section 11-10-2 - Amount of Loans; Interest, Maturity, Renewal, etc.; Disposition of Proceeds.

Section 11-10-2
Amount of loans; interest, maturity, renewal, etc.; disposition of proceeds.
Such loans shall not be in an amount greater than $400,000.00 per year and may bear interest not to exceed 12 percent per annum.
All such loans shall mature not later than February 1 of the year following that in which the loan is made and may be renewed only upon payment of all interest then due, together with not less than 10 percent of the principal then outstanding.
No proceeds from any loans made under the provisions of this chapter shall be used for any purpose other than that for which the general funds of the county may now be used.
(Acts 1915, No. 53, p. 105; Code 1923, §240; Acts 1932, Ex. Sess., No. 168, p. 196; Acts 1935, No. 379, p. 803; Code 1940, T. 12, §125; Acts 1959, No. 512, p. 1263; Acts 1975, No. 1046, p. 2102, §1; Acts 1980, No. 80-808, p. 1663; Acts 1982, 2nd Ex Sess., No. 82-756, p. 229.)
2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 1 - Provisions Applicable to Counties Only. › Chapter 10 - Making of Loans in Anticipation of Taxes. › Section 11-10-3 - Registration and Payment of Certificates.

Section 11-10-3
Registration and payment of certificates.
All certificates evidencing loans made under the authority of this chapter shall be registered by the county treasurer in the order of their issue and the said treasurer shall retain out of the taxes collected for the year and paid over to him a sufficient amount to pay said certificates. Said certificates shall be in the order of their registration and they shall be entitled to priority of payment out of the proceeds of the taxes pledged to pay the same.
(Acts 1915, No. 53, p. 105; Code 1923, §241; Code 1940, T. 12, §126.)
2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 1 - Provisions Applicable to Counties Only. › Chapter 10 - Making of Loans in Anticipation of Taxes. › Section 11-10-4 - Cancellation of Certificates.

Section 11-10-4
Cancellation of certificates.
All such certificates when paid by the treasurer shall be cancelled and such cancellation and payment shall be noted on the register and it shall be unlawful thereafter to reissue such certificates.
(Acts 1915, No. 53, p. 105; Code 1923, §242; Code 1940, T. 12, §127.)
2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 1 - Provisions Applicable to Counties Only. › Chapter 10 - Making of Loans in Anticipation of Taxes. › Section 11-10-5 - Certificates Exempt From Taxation.

Section 11-10-5
Certificates exempt from taxation.
All certificates issued under the authority of this chapter shall be exempt from taxation.
(Acts 1915, No. 53, p. 105; Code 1923, §243; Code 1940, T. 12, §128.)
2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 1 - Provisions Applicable to Counties Only. › Chapter 10 - Making of Loans in Anticipation of Taxes. › Section 11-10-6 - State and Local Fiscal Assistance Act of 1972.

Section 11-10-6
State and Local Fiscal Assistance Act of 1972.
(a) The governing bodies of the counties in this state are hereby authorized, for and on behalf of their respective counties, to make temporary loans in anticipation of the receipt of payments from the United States under the State and Local Fiscal Assistance Act of 1972 (31 U.S.C. §1221 et seq.) and to issue certificates evidencing such loans and to pledge a sufficient amount of said anticipated receipts to secure the repayment of such loan or loans.
(b) Such loans shall not be for a sum greater than the amount of such anticipated receipts less interest from the time of such loan until the time of the anticipated receipt of such funds.
(c) All certificates issued under the authority of this section and all interest thereon shall be exempt from taxation.
(Acts 1975, No. 1045, p. 2101, §§1-3; Acts 1982, No. 82-619, p. 117.)
2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 1 - Provisions Applicable to Counties Only. › Chapter 11 - Issuing of Warrants in Anticipation of Gasoline Taxes. › Section 11-11-1 - Definitions.

Section 11-11-1
Definitions.
Where used in this chapter, unless the context clearly indicates otherwise, the following words and phrases shall have the following respective meanings:
(1) COUNTY. Each county subject to the provisions of this chapter.
(2) COUNTY'S SHARE OF THE HIGHWAY GASOLINE TAX. With respect to each county, that portion of the highway gasoline tax required by law to be distributed to that county.
(3) FISCAL YEAR. The 12-month period commencing on October 1 of one year and ending on September 30 of the next ensuing year.
(4) HIGHWAY GASOLINE TAX.
a. The excise tax levied under Section 40-17-31, exclusive of those portions of the said tax in respect of aviation fuel and marine gasoline, as those terms are used in the said Section 40-17-31, and
b. The excise tax levied by Sections 40-17-140 through 40-17-155, exclusive of that portion of the said tax in respect of diesel fuel.
(5) OUTSTANDING WARRANTS. With respect to each county and as of any particular time:
a. Warrants then unpaid which were theretofore issued by that county under the provisions of this chapter or
b. Warrants then unpaid which were theretofore issued by that county under the provisions of any other law of the state in effect at the time of the issuance thereof and which are payable solely out of all or any part of the county's share of the highway gasoline tax.
(6) REFUNDING WARRANTS. Warrants that may be issued under the provisions of Section 11-11-6.
(7) STATE. The State of Alabama.
(Acts 1967, No. 220, p. 585, §2.)
2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 1 - Provisions Applicable to Counties Only. › Chapter 11 - Issuing of Warrants in Anticipation of Gasoline Taxes. › Section 11-11-2 - Counties to Which Chapter Applicable.

Section 11-11-2
Counties to which chapter applicable.
The provisions of this chapter shall apply only to each county in this state during each fiscal year of the county next succeeding a fiscal year during which the county collected as much as or more than $40,000.00 from the special ad valorem tax at a rate not exceeding one fourth of one percent which is authorized to be levied by the county under the provisions of Section 215 of the Constitution of Alabama of 1901 for the payment of any debt or liability created after the adoption of the said Constitution for the erection of necessary public buildings, bridges or roads.
(Acts 1967, No. 220, p. 585, §1.)
2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 1 - Provisions Applicable to Counties Only. › Chapter 11 - Issuing of Warrants in Anticipation of Gasoline Taxes. › Section 11-11-4 - Assignment and Pledge of Proceeds of Share of Highway Gasoline Tax for Payment of Principal and Interest.

Section 11-11-4
Assignment and pledge of proceeds of share of highway gasoline tax for payment of principal and interest.
As security for the payment of the principal of and interest on warrants issued under the provisions of this chapter, the issuing county is authorized to assign and pledge for the benefit of the holders of the said warrants so much as may be necessary for such purpose (which may be all) of the proceeds of the county's share of the highway gasoline tax. All such pledges shall take precedence in the order in which they are made.
(Acts 1967, No. 220, p. 585, §4.)
2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 1 - Provisions Applicable to Counties Only. › Chapter 11 - Issuing of Warrants in Anticipation of Gasoline Taxes. › Section 11-11-5 - Disposition of Proceeds From Sale of Warrants.

Section 11-11-5
Disposition of proceeds from sale of warrants.
The proceeds derived from the sale of warrants issued under the provisions of this chapter, other than refunding warrants, shall be used for the construction, surfacing, resurfacing, grading and draining of roads, streets, bridges and causeways in the county issuing the same and for payment of the expenses incurred by the county in the authorization and issuance of the said warrants.
(Acts 1967, No. 220, p. 585, §5.)
2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 1 - Provisions Applicable to Counties Only. › Chapter 11 - Issuing of Warrants in Anticipation of Gasoline Taxes. › Section 11-11-6 - Issuance of Refunding Warrants.

Section 11-11-6
Issuance of refunding warrants.
Any such county may from time to time sell and issue refunding warrants for the purpose of refunding the principal of outstanding warrants of that county, the interest accrued to the date of the refunding on the outstanding warrants to be refunded and any premium necessary to redeem the outstanding warrants to be refunded, whether or not the principal of the outstanding warrants to be refunded shall have matured at the time of the issuance of the refunding warrants and regardless of whether the outstanding warrants to be refunded shall be subject to redemption by the county prior to maturity and regardless also of whether the outstanding warrants to be refunded, if subject to redemption prior to maturity at the option of the county, have been or are to be called for redemption; provided, that nothing contained in this chapter shall be construed to require the holders of any such outstanding warrants to surrender them for redemption prior to their maturity unless they are by their terms subject to redemption prior to maturity at the option of the county and unless they are duly called for redemption pursuant to their terms.
(Acts 1967, No. 220, p. 585, §6.)
2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 1 - Provisions Applicable to Counties Only. › Chapter 11 - Issuing of Warrants in Anticipation of Gasoline Taxes. › Section 11-11-7 - Warrants to Be Issued Under Chapter Only by Counties Subject Thereto; Issuance of Warrants by Counties Not Subject to Chapter.

Section 11-11-7
Warrants to be issued under chapter only by counties subject thereto; issuance of warrants by counties not subject to chapter.
No county shall, in any fiscal year during which it is within the classification of counties specified in Section 11-11-2, issue any warrants in anticipation of the county's share of the highway gasoline tax except under the authority of and pursuant to the provisions of this chapter, and this chapter shall control the issuance of all such warrants by any county subject to its provisions, to the exclusion of any other law, whether general, special or local.
The enactment of this chapter shall not be construed, however, to affect or in any manner limit the power of any county, while not within the classification of counties specified in Section 11-11-2 of this title, to issue warrants in anticipation of its share of the highway gasoline tax which such county may have under any other law.
(Acts 1967, No. 220, p. 585, §7.)
2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 1 - Provisions Applicable to Counties Only. › Chapter 11 - Issuing of Warrants in Anticipation of Gasoline Taxes. › Section 11-11-8 - Exemption From Usury and Interest Statutes.

Section 11-11-8
Exemption from usury and interest statutes.
Any warrants issued by a county under the provisions of this chapter in anticipation of and payable solely out of that portion of the highway gasoline tax required by law to be distributed to counties which are subject to the provisions of this chapter are hereby exempted from the laws of the state of Alabama governing usury or prescribing or limiting interest rates, including, without limitation, the provisions of Chapter 8 of Title 8.
(Acts 1975, No. 1130, §1.)
2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 1 - Provisions Applicable to Counties Only. › Chapter 11A - Warrants Issued in Anticipation of Ad Valorem Taxes. › Section 11-11A-1 - Authorized; Denominations, Maturity, Interest, Price, etc.; Anticipation of Longer-Term Warrants.

Section 11-11A-1
Authorized; denominations, maturity, interest, price, etc.; anticipation of longer-term warrants.
Any county in the state of Alabama, in addition to all other powers which it may now have, is hereby authorized and empowered from time to time to authorize, issue and sell, for the purpose of financing the costs of erecting necessary public buildings, bridges or roads in such county, interest-bearing tax-anticipation warrants payable (as to both principal and interest) solely out of the special ad valorem tax authorized by § 215 of the Constitution of Alabama of 1901, as amended, to be levied for the erection of necessary public buildings, bridges or roads, such warrants to be in such denomination or denominations, to have such maturity or maturities [not exceeding 30 years from their date], to bear interest at such rate or rates and payable at such time or times, to be made payable at such place or places (whether within or without the state) and to be sold at such time or times, in such manner (whether publicly or privately) and at such price [not less than 95 percent of their par or face value plus accrued interest] as the county commission of such county shall determine. Warrants may be issued under the provisions of this chapter, in anticipation of the issuance and sale of longer-term warrants to be issued hereunder, to provide for the temporary financing of the costs of erecting necessary public buildings, bridges or roads, in which event so much of the proceeds from the sale of such longer-term warrants as shall be necessary for such purpose shall be used to pay and retire the principal of and the interest accrued on such shorter-term warrants.
(Acts 1979, No. 79-671, p. 1180, §1.)
2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 1 - Provisions Applicable to Counties Only. › Chapter 11A - Warrants Issued in Anticipation of Ad Valorem Taxes. › Section 11-11A-2 - Assignment and Pledge of Tax Proceeds for Payment of Principal and Interest.

Section 11-11A-2
Assignment and pledge of tax proceeds for payment of principal and interest.
As security for payment of the principal of and the interest on any warrants issued under the provisions of this chapter, the issuing county is authorized to assign and pledge so much as may be necessary for such purpose of the proceeds of the tax out of which such warrants are required to be payable. All such pledges shall take precedence in the order in which they are made unless in the proceedings authorizing such warrants the right is reserved to issue other bonds, warrants or securities on a parity therewith as respects such pledge.
(Acts 1979, No. 79-671, p. 1180, §2.)
2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 1 - Provisions Applicable to Counties Only. › Chapter 11A - Warrants Issued in Anticipation of Ad Valorem Taxes. › Section 11-11A-3 - Issuance of Refunding Warrants.

Section 11-11A-3
Issuance of refunding warrants.
Any county in the state of Alabama may from time to time authorize, sell and issue refunding warrants for the purpose of refunding any outstanding warrants theretofore issued under the provisions of this chapter (whether or not the principal of the outstanding warrants to be refunded shall have matured at the time of the issuance of the refunding warrants). Refunding warrants may not, however, be issued in a principal amount that will result in the principal proceeds to be derived by the issuing county therefrom exceeding the sum of (a) the outstanding principal of the warrants being refunded, (b) the interest thereon accrued to the date of issuance of such refunding warrants, (c) the interest to accrue on such outstanding warrants to their respective maturities or to the earliest date on which they may, under their terms, be redeemed (whichever is earlier), (d) any premium necessary to redeem or retire the outstanding warrants being refunded, and (e) the expenses estimated to be incurred by the issuing county in connection with the sale and issuance of such refunding warrants. Warrants may also be issued under the provisions of this chapter for the combined purpose of so refunding any such outstanding warrants and financing the costs of erecting necessary public buildings, bridges and roads, in which event those provisions of this section relating to refunding warrants shall apply to that portion of such combined issue being issued for refunding purposes. All the provisions of this chapter relating to warrants issued to finance the costs of erecting necessary public buildings, bridges or roads shall be applicable to warrants issued solely or partly for refunding purposes.
(Acts 1979, No. 79-671, p. 1180, §3.)
2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 1 - Provisions Applicable to Counties Only. › Chapter 11A - Warrants Issued in Anticipation of Ad Valorem Taxes. › Section 11-11A-4 - Exemption From Usury or Interest Provisions.

Section 11-11A-4
Exemption from usury or interest provisions.
Any warrants issued by a county under the provisions of this chapter are hereby exempted from the laws of the state of Alabama governing usury or prescribing or limiting interest rates, including (without limitation) the provisions of chapter 8 of Title 8, as amended.
(Acts 1979, No. 79-671, p. 1180, §4.)
2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 1 - Provisions Applicable to Counties Only. › Chapter 11A - Warrants Issued in Anticipation of Ad Valorem Taxes. › Section 11-11A-5 - Provisions of Chapter to Control.

Section 11-11A-5
Provisions of chapter to control.
Insofar as the provisions of this chapter may be inconsistent with the provisions of any other law, the provisions of this chapter shall control, it being hereby specifically declared that (a) the provisions of §11-8-10, as amended, shall not be applicable to any warrants issued under the provisions of this chapter, and (b) that no approval of the qualified voters of a county shall be required in order for such county to authorize, sell or issue warrants under the provisions of this chapter.
(Acts 1979, No. 79-671, p. 1180, §5.)
2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 1 - Provisions Applicable to Counties Only. › Chapter 11B - Securities Issued in Anticipation of Grants. › Section 11-11B-1 - Definitions.

Section 11-11B-1
Definitions.
As used in this chapter, the following words and terms shall have the following respective meanings:
(1) CONDITIONS OF A GRANT. The terms and conditions upon which a grant is made by a donor.
(2) COUNTY. Any county of the state.
(3) DONOR. The United States of America, or the state, or any county in the state or any municipality or any department, division, board, bureau, institution or agency of any of the foregoing, or any person, firm or corporation, institution, foundation or other agency or any combination of any two or more such donors.
(4) GOVERNING BODY. The county commission, board of directors or other group or body which governs, controls or makes decisions for a grantee.
(5) GRANT. Any gift, grant, appropriation, donation, or advance by any donor, whether absolute or conditional, for any purpose.
(6) GRANTEE. Any county, or any department, board, bureau, commission or agency of any county, whether incorporated or not, acting on behalf of the county, or any public corporation, to which a grant is to be made.
(7) PUBLIC CORPORATION. Any board, authority or other county public corporation incorporated with the approval of, or more than one of the directors of which are elected or appointed by, the governing body of a county. A county board of education shall be considered a public corporation within the meaning of this chapter.
(8) SECURITIES. One or more bonds, notes, warrants or certificates of indebtedness of a county or public corporation.
(9) STATE. The State of Alabama.
(Acts 1981, No. 81-797, p. 1399, §1.)
2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 1 - Provisions Applicable to Counties Only. › Chapter 11B - Securities Issued in Anticipation of Grants. › Section 11-11B-2 - Power and Authority of Grantees.

Section 11-11B-2
Power and authority of grantees.
Each grantee shall have the power, and, when approved by its governing body, the authority, to do or perform any one or more of the following:
(1) To apply to any donor for a grant and to pay the expenses involved in making such application;
(2) To accept and receive grants from any donor;
(3) To expend or apply the proceeds of any grant for the purpose or purposes for which the same is made;
(4) To agree to comply with the conditions of the grant;
(5) To pay over or donate or loan to any board, bureau, authority, institution or agency of the grantee, or to any municipality or municipalities of the state, or to any public corporation, or to any county or counties in the state or to the state, or to any board, bureau, authority, institution, or agency of such public corporation, or of such county or counties or of such municipality or municipalities, or of the state or to any person, firm or corporation, any grant proceeds authorized or permitted to be so paid over, donated or loaned by the conditions of the grant.
(Acts 1981, No. 81-797, p. 1399, §2.)
2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 1 - Provisions Applicable to Counties Only. › Chapter 11B - Securities Issued in Anticipation of Grants. › Section 11-11B-3 - Power and Authority of Counties and Public Corporations.

Section 11-11B-3
Power and authority of counties and public corporations.
Each county and each public corporation shall have the power and, when approved by its governing body, the authority, to do or perform any one or more of the following:
(1) To anticipate the receipt of any grant either by loan or by assignment or both; to issue securities to evidence such loan or assignment; to make such securities the general obligation indebtedness of the issuer or the obligation of the issuer limited or restricted as to source of payment and security to all or a portion of the proceeds of the grant or to any revenue, receipts or income or any special tax or license of the issuer, or any one or more thereof.
(2) To pledge to the holders of any securities issued pursuant to this chapter the full faith and credit of the issuer and in addition to, or instead of such pledge, to pledge and grant a security interest in all or a portion of the proceeds of the grant or any revenue, receipts or income or any special tax or license of the issuer, or any one or more thereof; or to mortgage or grant a security interest in any property of the issuer as security for any such securities, as the governing body of the issuer may determine.
(3) To pledge, assign and grant a security interest in all or any part of the proceeds of any grant to the holders of any securities issued by the county or the public corporation for any lawful purpose under the authority of any law other than this chapter.
(Acts 1981, No. 81-797, p. 1399, §3.)
2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 1 - Provisions Applicable to Counties Only. › Chapter 11B - Securities Issued in Anticipation of Grants. › Section 11-11B-4 - Securities; Maturity, Total Principal Amount, Denomination and Tenor, Execution, etc.; Coupons for Interest.

Section 11-11B-4
Securities; maturity, total principal amount, denomination and tenor, execution, etc.; coupons for interest.
Securities issued under the authority of this chapter shall mature at such time or times as the governing body of the issuer shall determine, not later than the date on which the last installment of the grant is reasonably expected to be received. The total principal amount of securities which may be issued in respect of a grant shall not exceed the reasonably estimated proceeds of the grant. The determination of the governing body of the issuer of the date on which the last installment of the grant will be received and the amounts of the proceeds of any grant to be received shall be conclusive. Securities issued under the authority of this chapter shall be of such denomination and tenor, shall contain such covenants and restrictions and provisions and shall be payable at such place or places, within or without the state, as the governing body of the issuer shall determine. Such securities shall be executed in the name of the issuer by such officer or member of the governing body of the issuer as such governing body may direct and attested by such other officer or member of the governing body, as such governing body shall divest, with the seal of the issuer impressed thereon, but coupons for interest, if interest is evidenced by coupons, need be signed only by such officer or member of the governing body of the issuer who executed the securities. Execution by facsimile signature and seal in the manner authorized by law for bonds of a county may be authorized by the governing body.
(Acts 1981, No. 81-797, p. 1399, §4.)
2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 1 - Provisions Applicable to Counties Only. › Chapter 11B - Securities Issued in Anticipation of Grants. › Section 11-11B-5 - Exemption of Securities From Taxation.

Section 11-11B-5
Exemption of securities from taxation.
All securities issued by authority of this chapter and the interest thereon shall be exempt from all taxation in the state.
(Acts 1981, No. 81-797, p. 1399, §5.)
2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 1 - Provisions Applicable to Counties Only. › Chapter 11B - Securities Issued in Anticipation of Grants. › Section 11-11B-6 - Legal Investment Status of Securities.

Section 11-11B-6
Legal investment status of securities.
Securities issued under the authority of this chapter shall be securities in which the state, the grantee, all counties and political subdivisions of the state, their officers, boards, departments or agencies and all banks, bankers, trust companies, savings and loan associations, investment companies and other persons carrying on a banking business, all insurance companies and insurance associations and other persons carrying on an insurance business, all administrators, executors, guardians, trustees and other fiduciaries, and all other persons who now are or may hereafter be authorized to invest in securities issued by a county, may properly and legally invest any funds, including capital belonging to them or within their control.
(Acts 1981, No. 81-797, p. 1399, §6.)
2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 1 - Provisions Applicable to Counties Only. › Chapter 11B - Securities Issued in Anticipation of Grants. › Section 11-11B-7 - Issuance of Securities Exempt From Supervision and Control.

Section 11-11B-7
Issuance of securities exempt from supervision and control.
No proceeding, notice or approval shall be required for the issuance of any securities under this chapter. Neither a public hearing nor the consent of the state department of finance shall be a prerequisite to the issuance of any securities under this chapter.
The provisions of chapter 8, Title 11 shall not apply to any securities issued under authority of this chapter or to any county or public corporation issuing such securities.
(Acts 1981, No. 81-797, p. 1399, §7.)
2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 1 - Provisions Applicable to Counties Only. › Chapter 11B - Securities Issued in Anticipation of Grants. › Section 11-11B-8 - Grant of Additional Authority; Chapter Not to Repeal, Restrict or Modify Any Law.

Section 11-11B-8
Grant of additional authority; chapter not to repeal, restrict or modify any law.
This chapter is intended to grant additional authority to grantees, counties and public corporations and shall not be considered to repeal, restrict or modify any law now in effect or hereafter enacted.
(Acts 1981, No. 81-797, p. 1399, §8.)
2023 Code of Alabama › Title 11 - Counties and Municipal Corporations. › Title 1 - Provisions Applicable to Counties Only. › Chapter 12 - Claims and Demands Against County. › Section 11-12-1 - Indemnification of Owners for Injuries, etc., Caused by Dipping of Cattle - Authorized.

Section 11-12-1
Indemnification of owners for injuries, etc., caused by dipping of cattle - Authorized.
The county commission may, in its discretion, indemnify from the funds of such county the owners of cattle for injuries, damages, or deaths caused by the dipping of such cattle in compliance with the laws of the state and the rules and regulations of the State Board of Agriculture and Industries; provided, that such injuries, damages, or deaths have been caused by the failure or negligence of the regularly qualified inspector commissioned by the State Board of Agriculture and Industries to see that the arsenical solution used in the dipping vat is not over the standard of strength recommended by the United States Bureau of Animal Industry or the State Board of Agriculture and Industries or by any negligence on the part of any officer or employee of the state or the State Board of Agriculture and Industries and when the negligence of the owner or person in charge of such cattle has not contributed to the injury, damage, or death.
(Acts 1919, No. 732, p. 1082; Code 1923, §6790; Code 1940, T. 12, §111.)