Alabama Statutes

§ 45-17-91.25 — Investment of Moneys in Shoals Economic Development Fund

Alabama § 45-17-91.25
JurisdictionAlabama
Title 45Local Laws
Ch. 17Colbert County
Art. 9Economic and Industrial Development and Tourism
Part 2Industrial Development
Subpart 2Shoals Industrial Development Committee

This text of Alabama § 45-17-91.25 (Investment of Moneys in Shoals Economic Development Fund) 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 § 45-17-91.25 (2026).

Text

Moneys on deposit in the Shoals Economic Development Fund may be invested, at the direction and discretion of the committee, only in investments that are at the time authorized to be made, with respect to county funds, pursuant to Section 11-81-21. Any interest or other income accruing on, or derived from, any such investments shall become a part of the Shoals Economic Development Fund and shall be invested as aforesaid or expended only for purposes for which moneys in the Shoals Economic Development Fund may be expended hereunder.

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Legislative History

(Act 2007-212, p. 260, §6.)

Nearby Sections

15
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Bluebook (online)
Alabama § 45-17-91.25, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/45-17-91.25.