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Ala. Code § 9-14A-19

Bonds - Proceeds - Alabama State Parks System Maintenance Fund.

Known as the Alabama Public Recreational and Historical Facilities Improvement Act

The act spans §§ 9-14A-1 to 9-14A-9 (23 sections).

(Act 2000-708, p. 1487, §19.)

Except as provided herein, the proceeds from the bonds issued by the Alabama State Parks System Improvement Corporation and interest income thereon are appropriated for the acquisition, provision, construction, improvement, renovation, equipping, and maintenance of the state parks system and the issuance costs of the bonds. Five percent of such proceeds and any revenues generated therefrom shall be distributed into a separate fund entitled the Alabama State Parks System Maintenance Fund and shall be used exclusively for maintenance of the state parks system.

Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.