Alabama Statutes
§ 41-9-964 — Money from Private Sources, Authority to Borrow and Pledge Future Revenues
The commission shall have the authority to borrow money from private sources, the state emergency fund or other sources as may be acceptable to the commission under terms and conditions as may be provided by law. In order to provide security for the repayment of any private or public loans, the commission shall have the authority to pledge future revenues from admissions and any other sources.
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Alabama § 41-9-964 (Money from Private Sources, Authority to Borrow and Pledge Future Revenues) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Acts 1996, No. 96-522, p. 670, §15.)