Alabama Statutes
§ 41-10-321 — Obligations, Bonds and Notes Not Debts of State
Alabama § 41-10-321
JurisdictionAlabama
Title 41State Government
Ch. 10Authorities
Art. 10Alabama Space Science Exhibit Finance Authority
This text of Alabama § 41-10-321 (Obligations, Bonds and Notes Not Debts of State) 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 § 41-10-321 (2026).
Text
All obligations incurred by the authority and all bonds and notes issued by it shall be solely and exclusively an obligation of the authority, payable solely from the sources which may under the provisions of this article be pledged to the payment thereof. No obligation incurred by the authority and no bond or note issued by it shall create an obligation or debt of the state or of the commission.
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Legislative History
(Acts 1986, No. 86-546, p. 1093, §22.)
Nearby Sections
15
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Bluebook (online)
Alabama § 41-10-321, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/41-10-321.