Alabama § 16-13-146 - Interest Rate on Current Loans.
Full text of Alabama Code of Alabama § 16-13-146 — Interest Rate on Current Loans., with citation guidance and answers to common questions.
§ 16-13-146. Interest Rate on Current Loans.
County and city boards of education shall have authority to pay interest at a rate not exceeding eight percent per annum on current loans secured in accordance with the provisions of Section 16-13-145. County and city boards of education shall have the right to call upon the State Superintendent of Education for assistance in securing loans at as low an interest rate as possible.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 16-13-146
What does Code of Alabama § 16-13-146 cover?
Section 16-13-146 ("Interest Rate on Current Loans.") 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 § 16-13-146?
A common citation format is "Code of Alabama § 16-13-146" (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 § 16-13-146 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.