Alabama § 16-16B-10 - (Implementation Conditioned on Separate Legislative Enactment.) Disposition of Funds.
Full text of Alabama Code of Alabama § 16-16B-10 — (Implementation Conditioned on Separate Legislative Enactment.) Disposition of Funds., with citation guidance and answers to common questions.
§ 16-16B-10. (Implementation Conditioned on Separate Legislative Enactment.) Disposition of Funds.
Notwithstanding any of the foregoing and in addition to all powers heretofore granted to the Authority, the Authority is hereby expressly authorized to use the proceeds derived from the sale of Bonds and income on Permitted Investments in accordance with the provisions of this chapter. The Authority is hereby expressly permitted to pay to the Department of Finance and the State Treasurer’s Office, from time to time and from any funds available to the Authority, amounts to offset costs incurred in the administration of the business of the Authority. The cost of such compensation shall be prorated among the recipients of proceeds of the Bonds in the same manner as the expenses of issuance of the Bonds are required hereby to be prorated.
Frequently Asked Questions About Alabama § 16-16B-10
What does Code of Alabama § 16-16B-10 cover?
Section 16-16B-10 ("(Implementation Conditioned on Separate Legislative Enactment.) Disposition of Funds.") 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 § 16-16B-10?
A common citation format is "Code of Alabama § 16-16B-10" (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 § 16-16B-10 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.