# Ala. Code § 22-34-9: Section 22-34-9 Certificates or Notes in Anticipation of Bonds

> Alabama · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AL_T1_C34_S22-34-9

## Section

- **Citation:** Ala. Code § 22-34-9
- **Heading:** Section 22-34-9 Certificates or Notes in Anticipation of Bonds
- **Jurisdiction:** Alabama
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Alabama Code / Title 1 / Chapter 34 / Section 22-34-9

## Text

In anticipation of the issuance of bonds, the authority may borrow such sums as may be needed for any of the aforesaid purposes and to obligate itself by certificate or promissory note, bearing interest at a rate or rates to be specified by the authority, and maturing within 18 months from the date of such certificate or promissory note. Such certificates or promissory notes shall be payable solely from the proceeds of the bonds of the authority and from the funds from which such bonds are payable. In the event that authority funds are not available for a loan for a project when application is made, in order to accelerate the completion of any project, the public body may, with the approval of the authority, obligate such public body to provide local funds to pay that portion of the cost of the project which the authority will make available by loan, and the authority shall refund the amount expended on its behalf by such public body.

## Nearby sections

- [Ala. Code § 22-34-1 Section 22-34-1 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_AL_T1_C34_S22-34-1.md)
- [Ala. Code § 22-34-2 Section 22-34-2 Legislative Intent](https://www.frixlaw.com/law-library/statutes/STATE_AL_T1_C34_S22-34-2.md)
- [Ala. Code § 22-34-3 Section 22-34-3 Revolving Fund Established; Use of Funds; Administration of Fund; Annual Report](https://www.frixlaw.com/law-library/statutes/STATE_AL_T1_C34_S22-34-3.md)
- [Ala. Code § 22-34-4 Section 22-34-4 Water Pollution Control Authority Established; Membership](https://www.frixlaw.com/law-library/statutes/STATE_AL_T1_C34_S22-34-4.md)
- [Ala. Code § 22-34-5 Section 22-34-5 Application for Corporation; Contents; Officers; Board of Directors; Record of Proceedings](https://www.frixlaw.com/law-library/statutes/STATE_AL_T1_C34_S22-34-5.md)
- [Ala. Code § 22-34-6 Section 22-34-6 General Powers](https://www.frixlaw.com/law-library/statutes/STATE_AL_T1_C34_S22-34-6.md)
- [Ala. Code § 22-34-7 Section 22-34-7 Authority Authorized to Issue Bonds](https://www.frixlaw.com/law-library/statutes/STATE_AL_T1_C34_S22-34-7.md)
- [Ala. Code § 22-34-8 Section 22-34-8 Sale of Bonds](https://www.frixlaw.com/law-library/statutes/STATE_AL_T1_C34_S22-34-8.md)
- [Ala. Code § 22-34-9 Section 22-34-9 Certificates or Notes in Anticipation of Bonds](https://www.frixlaw.com/law-library/statutes/STATE_AL_T1_C34_S22-34-9.md)
- [Ala. Code § 22-34-10 Section 22-34-10 Refunding Bonds](https://www.frixlaw.com/law-library/statutes/STATE_AL_T1_C34_S22-34-10.md)
- [Ala. Code § 22-34-11 Section 22-34-11 Dedicated Source of Revenue to Repay Moneys; Default; Accounting Standards](https://www.frixlaw.com/law-library/statutes/STATE_AL_T1_C34_S22-34-11.md)
- [Ala. Code § 22-34-12 Section 22-34-12 Investment in Authority Bonds](https://www.frixlaw.com/law-library/statutes/STATE_AL_T1_C34_S22-34-12.md)
- [Ala. Code § 22-34-13 Section 22-34-13 Tax Exempt](https://www.frixlaw.com/law-library/statutes/STATE_AL_T1_C34_S22-34-13.md)
- [Ala. Code § 22-34-14 Section 22-34-14 Exempt from Usury Laws](https://www.frixlaw.com/law-library/statutes/STATE_AL_T1_C34_S22-34-14.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AL_T1_C34_S22-34-9. Check the current official text before relying on it. Not legal advice.