There is a newer version of the Code of Alabama
2016 Code of Alabama
Title 14 - CRIMINAL CORRECTIONAL AND DETENTION FACILITIES.
Chapter 2 - ALABAMA CORRECTIONS INSTITUTION FINANCE AUTHORITY.
Section 14-2-24 - Obligations, bonds, and notes not debt of state.
AL Code § 14-2-24 (2016) What's This?
Section 14-2-24Obligations, bonds and notes not debt of state. All obligations incurred by the authority and all bonds and notes issued by it shall be solely and exclusively an obligation of the authority, payable solely from the revenues and income which may under the provisions of this chapter be pledged to the payment thereof. No obligation incurred by the authority and no bond or note issued by it shall create an obligation or debt of the state.
(Acts 1965, No. 678, p. 1226, §18; Acts 1967, Ex. Sess., No. 103, p. 131.)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.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
