11-92-7
Section 11-92-7 Warrants - Security for payment of principal and interest. (a) The governing
body of any participant may assign and specially pledge any tax or any part thereof for the
payment of the principal of and interest on warrants. (b) To the extent necessary to make
the payment of the principal of and interest on the warrants, any tax or sales proceeds so
pledged shall constitute a trust fund which shall be impressed with a lien in favor of the
holders of such warrants. If, pursuant to this section, more than one pledge is made
of any tax, then the pledges shall take precedence in the order that they are made, unless
the proceedings making the pledge shall provide that it shall be on a parity or subordinate
to a subsequent pledge. All warrants benefitting from a pledge shall constitute preferred
claims against the tax or sales proceeds pledged, subject to any prior pledges existing at
the time of issuance of the warrants, and shall have preference over claims incurred by the...

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22-27-23
Section 22-27-23 Special pledges for payment of principal and interest on warrants.
(a) 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
solid wastes collection and disposal facilities owned, controlled, used or operated by the...

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11-9-3
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...
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11-9-23
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...
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40-7-93
Section 40-7-93 Special pledges for payment. The governing body 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 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. (3) Any other revenues of,
or funds available to, the county 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, including (but...

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16-13-70
Section 16-13-70 Issuance authorized; purposes; source of payment. (a) Any county board
of education and any city board of education may issue and sell interest-bearing tax anticipation
warrants for the purpose of paying the costs of erecting, acquiring, providing, constructing,
purchasing, altering, enlarging, improving, repairing and equipping school buildings, school
playgrounds and buildings for housing and repairing school buses, and for the purpose of purchasing
school buses, or for any one or more of such purposes. (b) Warrants issued under the provisions
of this article shall not be general obligations of the board of education issuing such warrants
but shall be payable, as to both principal and interest, solely out of one of the following:
(1) The proceeds of any ad valorem tax voted under the constitution for the purpose of paying
such warrants, or for school purposes generally, and paid, apportioned or allocated to or
for the benefit of the board of education issuing such...
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16-13-303
Section 16-13-303 Notes not general obligations; source of payment. (a) Warrants issued
under this article shall not be general obligations of the board issuing such warrants but
shall be payable solely from the designated revenues or tax proceeds of the board which may
be lawfully applied to the payment of indebtedness of such board, including funds derived
from any one or more of the following sources: (1) The proceeds of any ad valorem tax or taxes
levied for the purpose of paying such warrants, or for educational or public school purposes,
and paid, apportioned, allocated, or distributed to or for the benefit of the board. (2) The
proceeds of any privilege, license, or excise tax or taxes that may be paid, apportioned,
allocated, or distributed to or for the benefit of the board. (3) Any revenues of whatsoever
kind or nature (including, without limitation, payments pursuant to agreements delivered pursuant
to this article and payments in lieu of taxes) that may be paid,...
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11-92-10
Section 11-92-10 Issuance of warrants and interest coupons deemed audit and allowance
of claims by counties; effect thereof. The issuance by a county of warrants and the interest
coupons applicable thereto pursuant to the provisions of this chapter shall be deemed to constitute
an audit and allowance by the county of a claim in the aggregate principal amount of such
warrants and interest coupons against the county and against any tax proceeds and the sales
proceeds or either thereof pledged for the payment of such warrants pursuant to the provisions
of this chapter. No proof of registration or other audit or allowance of such claim shall
be required and such warrants and interest coupons shall, from 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 the sales proceeds or either so pledged therefor. (Acts 1977, No. 694, p.
1223, §10.)...
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16-16-11
Section 16-16-11 Pledge of revenues for payment of bonds. (a) For the purpose of providing
funds to enable the authority to pay at their respective maturities the principal of and interest
on any bonds issued by it under the provisions of this chapter and to accomplish the objects
of this chapter, there is hereby irrevocably pledged to such purpose and hereby appropriated
such amount of money as may be necessary for such purpose out of the residue of the receipts
from the excise tax known as the sales tax levied by Sections 40-23-1 through 40-23-38, after
there shall have been taken therefrom the amounts appropriated for other than educational
purposes in Section 40-23-35 (which said residue constitutes that portion of the receipts
from the said sales tax that is now required by law to be paid into the Education Trust Fund),
and after taking from the said residue amounts sufficient to meet all prior charges on the
said residue including: (1) Such amounts as may be necessary to pay the...
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11-28-3
Section 11-28-3 Special pledges. If the county commission of any county determines to
issue warrants under this chapter that are general obligations of such county, or if such
county commission determines to issue warrants under this chapter that are limited obligations
of such county payable solely from specified sources, then such county commission may assign
and specifically pledge for the payment of the principal of and the interest on such general
obligation warrants (as additional security for the payment thereof) or for the payment of
the principal of and interest on such limited obligation warrants (as the sole source for
the payment thereof), as the case may be, all or any portion of the funds derived from any
one or more of the following sources that are not subject to previous pledges or covenants
which would prevent the assignment and pledge hereby authorized, that are not required by
the laws and Constitution of the State of Alabama to be devoted to other purposes, and...

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