2017 Code of Alabama
Title 16 - EDUCATION.
Chapter 16 - ALABAMA PUBLIC SCHOOL AND COLLEGE AUTHORITY.
Section 16-16-12 - Payment of principal and interest on bonds.
Out of the revenues appropriated and pledged in Section 16-16-1, the State Treasurer is hereby authorized and directed to pay the principal of and interest on the bonds issued by the authority under the provisions of this chapter, as such principal and interest shall respectively mature, and the State Treasurer is further authorized and directed to set up and maintain appropriate records pertaining thereto.(Acts 1965, 1st Ex. Sess., No. 243, p. 331, §12.)