Alabama Statutes

§ 16-13-146 — Interest Rate on Current Loans

Alabama § 16-13-146

JurisdictionAlabama

Title 16Education

Ch. 13School Finances Generally

Art. 7Budget System

This text of Alabama § 16-13-146 (Interest Rate on Current Loans) 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 § 16-13-146 (2026).

Text

County and city boards of education shall have authority to pay interest at a rate not exceeding eight percent per annum on current loans secured in accordance with the provisions of Section 16-13-145. County and city boards of education shall have the right to call upon the State Superintendent of Education for assistance in securing loans at as low an interest rate as possible.

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Legislative History

(Code 1940, T. 52, §244; Acts 1981, No. 81-822, p. 1465, §9.)

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Bluebook (online)

Alabama § 16-13-146, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/16-13-146.