Section 11-43C-74 Emergency notes. - Alabama Statutes

Section 11-43C-74

Emergency notes.

In the absence of available revenues to meet emergency appropriations under the provisions of this chapter, the council may by resolution authorize the issuance of notes, each of which shall be designated "emergency note" and may be renewed from time to time, but all such notes and renewals shall be paid not later than the last day of the fiscal year next succeeding the budget year in which the emergency appropriation was made.

(Acts 1987, No. 87-102, p. 116, §74.)