Alabama § 2-5A-37 - Investment of Proceeds from Bond Sales.
Full text of Alabama Code of Alabama § 2-5A-37 — Investment of Proceeds from Bond Sales., with citation guidance and answers to common questions.
§ 2-5A-37. Investment of Proceeds from Bond Sales.
Prior to the completion of farmers’ market facilities to be financed with proceeds of bonds, any portion of the principal proceeds derived from the sale of the bonds which the commissioner may determine is not then needed for any of the purposes for which the bonds are authorized to be issued shall be invested by the State Treasurer in permitted investments which mature at such time or times as the department shall direct. At any time, and from time to time on order of the commissioner, any such investments may be sold or otherwise converted by the State Treasurer into cash.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 2-5A-37
What does Code of Alabama § 2-5A-37 cover?
Section 2-5A-37 ("Investment of Proceeds from Bond Sales.") 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 § 2-5A-37?
A common citation format is "Code of Alabama § 2-5A-37" (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 § 2-5A-37 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.