There is a newer version of the Code of Alabama
2013 Code of Alabama
Title 11 - COUNTIES AND MUNICIPAL CORPORATIONS.
Title 2 - PROVISIONS APPLICABLE TO MUNICIPAL CORPORATIONS ONLY.
Section 11-57-21 - Liability of state or municipalities on bonds and obligations of authorities.
AL Code § 11-57-21 (2013) What's This?
Section 11-57-21Liability of state or municipalities on bonds and obligations of authorities. All obligations incurred by the authority and all bonds issued by it shall be solely and exclusively an obligation of the authority and shall not create an obligation or debt of the State of Alabama or of the municipality.
(Acts 1961, No. 895, p. 1407, §20; Acts 1961, Ex. Sess., No. 289, p. 2335, §20.)Disclaimer: These codes may not be the most recent version. Alabama may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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