Alabama Code (Last Updated: November 28, 2014) |
Title22 HEALTH, MENTAL HEALTH, AND ENVIRONMENTAL CONTROL. |
Title1 HEALTH AND ENVIRONMENTAL CONTROL GENERALLY. |
Chapter21. HOSPITALS AND OTHER HEALTH CARE FACILITIES GENERALLY. |
Article5. Municipal Hospital Building Authorities. |
§22-21-147. Bonds - Legal investment - Municipal funds.
Latest version.
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The governing body is authorized, in its discretion, to invest in bonds of the authority any idle or surplus money held in the treasury of the municipality which is not otherwise earmarked or pledged.