Alabama Statutes

§ 16-65-14 — Moneys Considered Trust Funds

Alabama § 16-65-14
JurisdictionAlabama
Title 16Education
Ch. 65Alabama Higher Education Equipment Loan Authority

This text of Alabama § 16-65-14 (Moneys Considered Trust Funds) 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 § 16-65-14 (2026).

Text

All moneys received by the authority pursuant to this chapter shall be deemed to be trust funds for the holders of the bonds and shall be held and applied for the benefit of the bondholders of the respective issues as provided in this chapter and as provided in the authorizing resolutions of the authority.

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Legislative History

(Acts 1997, No. 97-388, p. 632, §14.)

Nearby Sections

15
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Bluebook (online)
Alabama § 16-65-14, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/16-65-14.