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2018 Code of Alabama
Title 11 - COUNTIES AND MUNICIPAL CORPORATIONS.
Title 3 - PROVISIONS APPLICABLE TO COUNTIES AND MUNICIPAL CORPORATIONS.
Chapter 89A - SOLID WASTE DISPOSAL AUTHORITIES.
Section 11-89A-20 - Bonds of authority as legal investments.
Universal Citation: AL Code § 11-89A-20 (2018)
Section 11-89A-20Bonds of authority as legal investments.
The bonds of any authority shall be legal investments in which the state and its agencies and instrumentalities, all counties, municipalities and other political subdivisions of the state and public corporations organized under the laws thereof, all insurance companies and associations and other persons carrying on an insurance business, all banks, savings banks, savings and loan associations, trust companies, credit unions and investment companies of any kind, all administrators, guardians, executors, trustees and other fiduciaries, and all other persons whosoever are now or may hereafter be authorized to invest in bonds or other obligations of the state, may properly and legally invest funds in their control or belonging to them.
(Acts 1980, No. 80-278, p. 368, §21.)
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