Alabama Code Title 45. Local Laws § 45-4-244.48
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The proceeds from all taxes collected under this subpart shall be remitted to Bibb County and deposited in the Bibb County General Fund. Eighty percent of the net proceeds after the cost of collection shall be distributed to the Bibb County Board of Education to be used for the acquisition, construction, maintenance, equipping, and operation of public school facilities, and the board's share of the net proceeds may be pledged as security for the payment of principal and interest on any indebtedness heretofore or hereafter issued to provide public school facilities in the county. The remaining 20 percent of the net proceeds shall be retained by the county and used only for road and bridge construction and maintenance and public safety purposes.
Cite this article: FindLaw.com - Alabama Code Title 45. Local Laws § 45-4-244.48 - last updated December 30, 2022 | https://codes.findlaw.com/al/title-45-local-laws/al-code-sect-45-4-244-48/
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