42 chapters · 1,739 sections in this title.
Ala. Code § 41-4-1 Definitions
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The words “state and the departments, boards, bureaus, commissions, agencies, offices, and institutions thereof,” and the words “departments, boards, bureaus, commissions, agencies, offices and institutions of the state,” wherever they appear in this chapter, shall not be constru…
Ala. Code § 41-4-10 Use of Funds in Sinking Fund - Purchase and Holding in Trust of State Bonds
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With the consent of the Governor, the funds in the sinking fund for retiring old bonded debt may be used from time to time by the Department of Finance for the purpose of purchasing and holding in trust in said fund bonds of the State of Alabama. It shall be the duty of the Depar…
Ala. Code § 41-4-11 Use of Funds in Sinking Fund - Sale of Bonds; Reinvestment of Funds; Cancellation of Paid Bonds
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With the consent of the Governor, said bonds so purchased and held in trust may be sold from time to time by the Department of Finance, if it is deemed for the best interest of the sinking fund that said transactions be had, and the proceeds held or reinvested from time to time, …
Ala. Code § 41-4-12 Use of Funds in Sinking Fund - Purchase of State Bonds in Lieu of Use of Sinking Fund; Cancellation and Destruction of Bonds Purchased
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Instead of, or in lieu of, using sinking funds, as is provided for in this article, the Director of Finance, by and with the advice and consent of the Governor, may purchase, upon the best terms obtainable, state bonds or obligations for the payment of which the sinking fund was …