Alabama § 16-54-17 Disposition of Proceeds and Income from Sale or Lease of Nonfederally Granted Lands

Alabama Statutes

§ 16-54-17 — Disposition of Proceeds and Income from Sale or Lease of Nonfederally Granted Lands

Alabama § 16-54-17

Title 16Education

Ch. 54University of Montevallo

This text of Alabama § 16-54-17 (Disposition of Proceeds and Income from Sale or Lease of Nonfederally Granted Lands) 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 § 16-54-17 (2026).

Text

Unless otherwise restricted, the proceeds of all nonfederally granted lands sold or leased by the University of Montevallo, or income therefrom, shall be paid to the University of Montevallo and budgeted and expended by the board of trustees for the benefit of the university. The university, out of the money appropriated by the state Legislature for its maintenance, shall pay all the expenses of caring for, protecting, and selling the lands.

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Unless otherwise restricted, the proceeds of all nonfederally granted lands sold or leased by the University of Montevallo, or income therefrom, shall be paid to the University of Montevallo and budgeted and expended by the board of trustees for the benefit of the university. The university, out of the money appropriated by the state Legislature for its maintenance, shall pay all the expenses of caring for, protecting, and selling the lands.