Alabama · FIN.3

Dedicated Revenue Repayment of PSCA Bonds

Statutory

Required

Active

PSCA bonds are repaid from dedicated revenues, including pledged portions of Alabama sales and use tax receipts.

State: Alabama
Topic: FIN.3 Revenue & Special Bonds
Applies to: Applies to repayment of bonds issued by the Alabama Public School and College Authority.
Trigger: Outstanding PSCA bond obligations requiring debt-service payments.
Conditions: Debt service is supported by statutorily dedicated revenues, including pledged sales and use tax receipts.
Responsible actors: Alabama Public School and College Authority

Evidence & sources

NCSI profile: Alabama State Profile (2025), printed p. 29
Legal sources: Ala. Code § 16-16-11 — Alabama Code Section 16-16-11 (Statute / Code, primary)
Verification: Profile Only

Prototype research tool. Records are normalized from NCSI state profiles and have not been verified against current statutes or regulations. This is not legal advice — consult primary legal sources for current requirements.