# Ala. Code § 11-20-4: Section 11-20-4 Requirements as to Leasing of Projects

> Alabama · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AL_T1_C20_S11-20-4

## Section

- **Citation:** Ala. Code § 11-20-4
- **Heading:** Section 11-20-4 Requirements as to Leasing of Projects
- **Jurisdiction:** Alabama
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Alabama Code / Title 1 / Chapter 20 / Section 11-20-4

## Text

Prior to the issuance of any bonds, the county shall lease the project to a lessee under an agreement providing for payment to the county of such rentals as will be sufficient:

(1) To pay the principal of and interest on the bonds issued to finance the project as such principal and interest respectively mature;

(2) To build up and maintain any reserves deemed by the county commission to be advisable in connection therewith; and

(3) To pay the cost of maintaining the project in good repair and keeping it properly insured unless the agreement of lease obligates the lessee to pay for the maintenance and insurance of the project.

## Nearby sections

- [Ala. Code § 11-20-1 Section 11-20-1 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_AL_T1_C20_S11-20-1.md)
- [Ala. Code § 11-20-2 Section 11-20-2 Legislative Intent; Construction of Article Generally](https://www.frixlaw.com/law-library/statutes/STATE_AL_T1_C20_S11-20-2.md)
- [Ala. Code § 11-20-3 Section 11-20-3 Powers of Counties as to Acquisition, Leasing, Etc., of Projects Generally](https://www.frixlaw.com/law-library/statutes/STATE_AL_T1_C20_S11-20-3.md)
- [Ala. Code § 11-20-4 Section 11-20-4 Requirements as to Leasing of Projects](https://www.frixlaw.com/law-library/statutes/STATE_AL_T1_C20_S11-20-4.md)
- [Ala. Code § 11-20-5 Section 11-20-5 Bonds - Form, Terms, Denominations, Etc.; Execution, Sale, Delivery, Redemption, Etc.; Applicability of Usury, Etc., Laws](https://www.frixlaw.com/law-library/statutes/STATE_AL_T1_C20_S11-20-5.md)
- [Ala. Code § 11-20-6 Section 11-20-6 Bonds - Security for Payment of Principal and Interest; Remedies Upon Default](https://www.frixlaw.com/law-library/statutes/STATE_AL_T1_C20_S11-20-6.md)
- [Ala. Code § 11-20-7 Section 11-20-7 Bonds - Disposition of Proceeds from Sale](https://www.frixlaw.com/law-library/statutes/STATE_AL_T1_C20_S11-20-7.md)
- [Ala. Code § 11-20-8 Section 11-20-8 Refunding Bonds](https://www.frixlaw.com/law-library/statutes/STATE_AL_T1_C20_S11-20-8.md)
- [Ala. Code § 11-20-9 Section 11-20-9 Notice, Consent, or Approval of Governmental Body, Etc., Not to Be Required for Issuance or Sale of Bonds or Execution of Mortgages](https://www.frixlaw.com/law-library/statutes/STATE_AL_T1_C20_S11-20-9.md)
- [Ala. Code § 11-20-10 Section 11-20-10 Investment in Bonds by Savings Banks and Insurance Companies](https://www.frixlaw.com/law-library/statutes/STATE_AL_T1_C20_S11-20-10.md)
- [Ala. Code § 11-20-11 Section 11-20-11 Counties Not to Contribute Costs of Acquisition of Projects or County Lands Therefor](https://www.frixlaw.com/law-library/statutes/STATE_AL_T1_C20_S11-20-11.md)
- [Ala. Code § 11-20-12 Section 11-20-12 Exemption from Taxation of Projects, Bonds, Etc](https://www.frixlaw.com/law-library/statutes/STATE_AL_T1_C20_S11-20-12.md)
- [Ala. Code § 11-20-13 Section 11-20-13 Construction of Article](https://www.frixlaw.com/law-library/statutes/STATE_AL_T1_C20_S11-20-13.md)
- [Ala. Code § 11-20-30 Section 11-20-30 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_AL_T1_C20_S11-20-30.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AL_T1_C20_S11-20-4. Check the current official text before relying on it. Not legal advice.