Alabama § 41-1-43 Credit Enhancement or Liquidity Agreements

Alabama Statutes

§ 41-1-43 — Credit Enhancement or Liquidity Agreements

Alabama § 41-1-43

Title 41State Government

Ch. 1General Provisions

Art. 3Swap Agreements

This text of Alabama § 41-1-43 (Credit Enhancement or Liquidity Agreements) 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 § 41-1-43 (2026).

Text

Except as specifically required by paragraph (2)b of Section 41-1-42, in connection with entering into any swap agreement, any governmental entity may enter into credit enhancement or liquidity agreements with payment, term, security (including the pledge of collateral by the governmental entity), substitution of collateral, valuation of collateral or amounts payable under the agreement, default, remedy, and other procedures, terms, and conditions as the governmental entity determines are necessary or desirable.

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Except as specifically required by paragraph (2)b of Section 41-1-42, in connection with entering into any swap agreement, any governmental entity may enter into credit enhancement or liquidity agreements with payment, term, security (including the pledge of collateral by the governmental entity), substitution of collateral, valuation of collateral or amounts payable under the agreement, default, remedy, and other procedures, terms, and conditions as the governmental entity determines are necessary or desirable.