2019 Code of Alabama
Title 23 - Highways, Roads, Bridges and Ferries.
Chapter 7 - Alabama Transportation Infrastructure Bank Act.
Section 23-7-22 - Purchase of outstanding bonds.

Universal Citation: AL Code § 23-7-22 (2019)
Section 23-7-22Purchase of outstanding bonds.

The bank, subject to agreements with bondholders as may then exist, may purchase outstanding bonds of the bank with any available funds, at any reasonable price. If the bonds are then redeemable, the price shall not exceed the redemption price then applicable plus accrued interest to the next interest payment date.

(Act 2015-50, §22.)
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