Alabama Statutes
§ 14-2-24 — Obligations, Bonds, and Notes Not Debt of State
Alabama § 14-2-24
JurisdictionAlabama
Title 14Criminal Correctional and Detention Facilities
Ch. 2Alabama Corrections Institution Finance Authority
This text of Alabama § 14-2-24 (Obligations, Bonds, and Notes Not Debt of State) 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 § 14-2-24 (2026).
Text
All obligations incurred by the authority and all bonds and notes issued by it shall be solely and exclusively an obligation of the authority, payable solely from the revenues and income which may under the provisions of this chapter be pledged to the payment thereof. No obligation incurred by the authority and no bond or note issued by it shall create an obligation or debt of the state.
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Legislative History
(Acts 1965, No. 678, p. 1226, §18; Acts 1967, Ex. Sess., No. 103, p. 131.)
Nearby Sections
15
§ 14-1-14
Corrections Revolving FundCite This Page — Counsel Stack
Bluebook (online)
Alabama § 14-2-24, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/14-2-24.