2016 Code of Alabama
Title 14 - CRIMINAL CORRECTIONAL AND DETENTION FACILITIES.
Chapter 2 - ALABAMA CORRECTIONS INSTITUTION FINANCE AUTHORITY.
Section 14-2-17 - Bonds - Investment of surplus in state fund, etc., and trust funds.
Any surplus in any state fund and any retirements or trust fund, where the investment thereof is permitted or required by law, may be invested in bonds issued by the authority. Unless otherwise directed by the court having jurisdiction thereof or the document which is the source of authority, a trustee, executor, administrator, guardian or one acting in any other fiduciary capacity may, in addition to any other investment powers conferred by law and with the exercise of reasonable business prudence, invest trust funds in the bonds of the authority.
(Acts 1965, No. 678, p. 1226, §19.)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.
