Alabama § 39-7-24 - Liability on Bonds and Other Obligations of Authority.
Full text of Alabama Code of Alabama § 39-7-24 — Liability on Bonds and Other Obligations of Authority., with citation guidance and answers to common questions.
§ 39-7-24. Liability on Bonds and Other Obligations of Authority.
The bonds and other obligations of an authority incorporated under this chapter shall not be a debt of the State of Alabama nor a debt of the municipality and neither the state nor the municipality shall be liable in any way whatsoever thereon nor may the holder of any such bonds or obligations compel the levy of any taxes for its payment. Said bonds shall not be payable out of any funds other than those of the authority issuing the same and each bond shall contain a recital to that effect. Neither the members of the board of trustees nor any person executing said bonds shall be liable personally on said bonds by reason of the issuance thereof.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 39-7-24
What does Code of Alabama § 39-7-24 cover?
Section 39-7-24 ("Liability on Bonds and Other Obligations of Authority.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 39-7-24?
A common citation format is "Code of Alabama § 39-7-24" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 39-7-24 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.