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2020 Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 1 - Provisions Applicable to Counties Only.
Chapter 11B - Securities Issued in Anticipation of Grants.
Section 11-11B-7 - Issuance of Securities Exempt From Supervision and Control.
Universal Citation: AL Code § 11-11B-7 (2020)
Section 11-11B-7
Issuance of securities exempt from supervision and control.
No proceeding, notice or approval shall be required for the issuance of any securities under this chapter. Neither a public hearing nor the consent of the state department of finance shall be a prerequisite to the issuance of any securities under this chapter.
The provisions of chapter 8, Title 11 shall not apply to any securities issued under authority of this chapter or to any county or public corporation issuing such securities.
(Acts 1981, No. 81-797, p. 1399, §7.)
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