There Is a Newer Version
of
this Section
2019 Code of Alabama
Title 41 - State Government.
Chapter 1 - General Provisions.
Article 3 - Swap Agreements.
Section 41-1-40 - Legislative findings.
Universal Citation:
AL Code § 41-1-40 (2019)
Learn more
This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
Section 41-1-40Legislative findings.
The Legislature finds and declares that the making and managing of investments or the borrowing of money by governmental entities involves a variety of interest rate, investment, payment, and similar risks. A number of financial instruments are available to hedge against those risks. Many governmental entities lack express statutory authority to take advantage of those instruments, and it is desirable that they have the authority.
(Acts 1992, No. 92-589, p. 1214, §1.)
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.
