Alabama § 16-44A-57 Disposition of Proceeds

Alabama Statutes

§ 16-44A-57 — Disposition of Proceeds

Alabama·Title 16 Education·Ch. 44A Alabama Compact for Leadership and Citizenship Education·Art. 2 The Citizenship Trust·Div. 2 Alabama Veterans Living Legacy Act of 2008

It is the intent of this division that the trust, and its associated public educational building authority, may pledge the proceeds of revenues earmarked, designated, or appropriated for the Alabama Veterans Living Legacy and projects thereof, in the same manner as provided in Section 16-44A-32(3). The indebtedness or obligations shall not be deemed or constitute in any way a debt or obligation of the State of Alabama.

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It is the intent of this division that the trust, and its associated public educational building authority, may pledge the proceeds of revenues earmarked, designated, or appropriated for the Alabama Veterans Living Legacy and projects thereof, in the same manner as provided in Section 16-44A-32(3). The indebtedness or obligations shall not be deemed or constitute in any way a debt or obligation of the State of Alabama.

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