Alabama Code (Last Updated: November 28, 2014) |
Title14 CRIMINAL CORRECTIONAL AND DETENTION FACILITIES. |
Chapter2. ALABAMA CORRECTIONS INSTITUTION FINANCE AUTHORITY. |
§14-2-18. Bonds - Security for deposit of governmental funds.
Latest version.
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Any bonds issued by the authority may be used by the holders thereof as security for deposits of any funds belonging to the state or to any instrumentality, agency or political subdivision of the state in any instance where security for such deposits may be required or permitted by law.