Alabama Statutes
§ 11-85-106 — Bonds - Issuance and Sale
Alabama·Title 11 Counties and Municipal Corporations·Ch. 85 Regional Planning and Development·Art. 6 Alabama Revolving Loan Fund Authority
The authority is authorized to sell and issue its bonds in the aggregate principal amount of twenty-four million dollars ($24,000,000) for the purpose of making grants to the twelve regional planning and development commissions, which shall be utilized by the grantees as revolving loan funds.
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Legislative History
(Act 98-195, p. 338, §7; Act 2007-279, p. 378, §1.)
Nearby Sections
15
§ 11-1-1
Number and Names of Counties§ 11-1-2
County Declared a Body Corporate