Alabama § 41-14-31 - Maintenance of Money for Current Operational Expenses; Apportionment of Demand Deposits.
Full text of Alabama Code of Alabama § 41-14-31 — Maintenance of Money for Current Operational Expenses; Apportionment of Demand Deposits., with citation guidance and answers to common questions.
§ 41-14-31. Maintenance of Money for Current Operational Expenses; Apportionment of Demand Deposits.
As much money as may be needed for current operational purposes of the state government, as determined by the State Treasurer in accordance with procedures prescribed by Section 41-14-32 and with the approval of the Governor, shall be maintained at all times in the State Treasury in cash or in demand deposits with state depositary banks.
The State Treasurer shall apportion such demand deposits among state depositaries, giving preference to banks that are located in Alabama and giving due consideration to the activities of the various banking accounts maintained therein, the reasonable value of the banking services rendered or to be rendered the state by depositary banks, and giving first priority to the value and importance of such deposits to the economy of the communities and the various areas of the state to be affected thereby, as indicated by the loan to deposit ratio.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 41-14-31
What does Code of Alabama § 41-14-31 cover?
Section 41-14-31 ("Maintenance of Money for Current Operational Expenses; Apportionment of Demand Deposits.") 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 § 41-14-31?
A common citation format is "Code of Alabama § 41-14-31" (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 § 41-14-31 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.