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2022 Code of Alabama
Title 37 - Public Utilities and Public Transportation.
Chapter 13 - Incorporation of Railroad Authorities as Public Corporations.
Section 37-13-17 - Investment of County and Municipal Funds in Bonds of Authority.
Universal Citation: AL Code § 37-13-17 (2022)
Section 37-13-17
Investment of county and municipal funds in bonds of authority.
The governing body of any county, city or town within this state is authorized in its discretion to invest in bonds of the authority any idle or surplus money held in its treasury.
(Acts 1984, No. 84-179, p. 256, §17.)
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