Alabama Statutes
§ 45-57A-62.08 — Money Investment
Alabama § 45-57A-62.08
JurisdictionAlabama
Title 45Local Laws
Ch. 57ARussell County Municipalities
Art. 6Phenix City
Part 3Employees
This text of Alabama § 45-57A-62.08 (Money Investment) 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 § 45-57A-62.08 (2026).
Text
The board may invest money held in the fund, or such portion of it as may be safely withdrawn for the purpose, in interest bearing bonds, warrants, or other obligations of the United States of America, of the State of Alabama, or of the city, any FDIC insured bank, or any savings and loan association insured by FSLIC. Income from investments shall become part of the fund. Securities belonging to the fund shall be held by the treasurer of the fund subject to the management and control of the board.
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Legislative History
(Acts 1947, No. 13, p. 7, § 9; Acts 1967, No. 602, p. 1390, § 1; Acts 1971, No. 1807, p. 2974, § 1.)
Nearby Sections
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Licensing and Regulation; ViolationsCite This Page — Counsel Stack
Bluebook (online)
Alabama § 45-57A-62.08, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/45-57A-62.08.