Alabama Statutes

§ 41-4-13 — Use of Funds in Sinking Fund - Deposit of Funds in Savings Banks

Alabama·Title 41 State Government·Ch. 4 Department of Finance·Art. 1 General Provisions

If any state sinking funds or any part thereof cannot be invested profitably in any of the other modes provided for in this article, the Director of Finance, by and with the advice and consent of the Governor, may direct the Treasurer to deposit any sinking fund or part thereof in a reputable and solvent savings bank on the best terms obtainable.

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Legislative History

(Acts 1923, No. 436, p. 585; Code 1923, §847; Acts 1939, No. 112, p. 144; Code 1940, T. 55, §78.)

Nearby Sections

15

§ 41-1-1

Sovereignty and Jurisdiction of State; Territorial Waters; Legislative Findings

§ 41-1-10

Section 41-1-9 Deemed Declarative of Existing Law

§ 41-1-11

State Agencies Authorized to Increase Fees in Accordance with the Consumer Price Index

§ 41-1-12

State Agencies Required to Take Certain Measures to Prevent Fraud Before Paying Benefits to Recipients

§ 41-1-13

Use of Central Bank Digital Currency

§ 41-1-14

Authorization to Expend Public Funds for the Purpose of Carrying Out Statutory Duties

§ 41-1-15

Unfair Treatment of Females or Males; Establishment of Certain Single-Sex Spaces or Environments

§ 41-1-2

Maintenance and Defense of State Authority and Jurisdiction

§ 41-1-20

Establishment of Remittance Requirements; Applicability; Payment Procedures

§ 41-1-21

§ 41-1-22

Penalties Waived for Good Faith Attempt

§ 41-1-23

Promulgation of Rules and Regulations

§ 41-1-3

Compromise of Claims in Favor of State

§ 41-1-4

When Bonds of State Payable

§ 41-1-40

Legislative Findings

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