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Alabama Statutes

§ 11-50-17 — Payment of Interest by Waterworks Boards in Class 1 Municipalities on Customer Security Deposits

Alabama § 11-50-17
JurisdictionAlabama
Title 11Counties and Municipal Corporations
Ch. 50Public Utilities
Art. 1General Provisions

This text of Alabama § 11-50-17 (Payment of Interest by Waterworks Boards in Class 1 Municipalities on Customer Security Deposits) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Ala. Code § 11-50-17 (2026).

Text

Any public water works board in a Class 1 municipality in the state shall pay interest per annum on all customer security deposits required for utility service. The amount of interest paid for each calendar year shall be at the federal funds rate in effect on December 31 of the preceding calendar year.

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Legislative History

(Acts 1980, No. 80-327, p. 448; Act 2011-336, p. 609, §1.)

Nearby Sections

15
§ 11-1-1
Number and Names of Counties
§ 11-1-10
Contracts with Federal, State, and Other County Governments
§ 11-1-11
Payment of Membership Fees in State Organizations, Etc., for Sheriffs, Tax Assessors, Tax Collectors, Circuit Clerks and Registers, License Commissioners, Etc
§ 11-1-12
Preparation, Etc., of County Assessment Maps or Plats
§ 11-1-13
Alteration, Etc., of Precinct or Beat Lines or Creation of New Precincts or Beats
§ 11-1-14
Provision of Voting Places Where Precinct or Beat Lines Altered, Etc., or New Precincts or Beats Created
§ 11-1-15
Authority to Join National and State Association of County Commissions
§ 11-1-16
Warrants for Borrowing Purposes - Execution
§ 11-1-17
Warrants for Borrowing Purposes - Form of Warrants, Refunding Warrants, Coupons, Etc
§ 11-1-2
County Declared a Body Corporate
§ 11-1-3
Jurisdiction Over Navigable Streams Not Within Limits of Any County; Execution of Process on Said Streams
§ 11-1-5
Uniform Designation for County Governing Bodies
§ 11-1-6
Transfer of Money Erroneously Paid into County Treasury, Etc., to State Treasury
§ 11-1-7
Appointment and Use of Public Depositories; Liability
§ 11-1-8
Closing of County Offices on Legal Holidays and for Special Circumstances; Deadlines Extended for Filing Documents
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Bluebook (online)
Alabama § 11-50-17, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/11-50-17.