Alabama § 16-20-5 - State Pledged to Pay Interest on School Land Funds.
Full text of Alabama Code of Alabama § 16-20-5 — State Pledged to Pay Interest on School Land Funds., with citation guidance and answers to common questions.
§ 16-20-5. State Pledged to Pay Interest on School Land Funds.
All funds now in the Treasury derived from the sale of sixteenth section or other school lands, or which may hereafter accrue from sale of such lands, together with the redemption money of other lands in which former accumulations have been invested under an act approved March 1, 1881, entitled “An act to authorize the compromise and settlement of claims for school lands in this state,” are covered into the Treasury and made available for general purposes, and the faith and credit of the state is pledged for the payment of the interest on such fund to the public schools of the state, at the rate of six percent per annum.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 16-20-5
What does Code of Alabama § 16-20-5 cover?
Section 16-20-5 ("State Pledged to Pay Interest on School Land 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 § 16-20-5?
A common citation format is "Code of Alabama § 16-20-5" (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 § 16-20-5 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.