Alabama § 41-9-354 - Borrowing of Money from Private Sources, Etc., Authorized Generally; Pledge of Future Revenues from Admissions, Etc., as Security for Repayment of Such Loans.
Full text of Alabama Code of Alabama § 41-9-354 — Borrowing of Money from Private Sources, Etc., Authorized Generally; Pledge of Future Revenues from Admissions, Etc., as Security for Repayment of Such Loans., with citation guidance and answers to common questions.
§ 41-9-354. Borrowing of Money from Private Sources, Etc., Authorized Generally; Pledge of Future Revenues from Admissions, Etc., as Security for Repayment of Such Loans.
The commission shall have the authority to borrow money from private sources, the state emergency fund or such other sources as may be acceptable to the commission under such terms and conditions as may be provided by law. In order to provide security for the repayment of any such private or public loans, the commission shall have the authority to pledge such future revenues from admissions and any other sources as may, from time to time, be necessary or desirable.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 41-9-354
What does Code of Alabama § 41-9-354 cover?
Section 41-9-354 ("Borrowing of Money from Private Sources, Etc., Authorized Generally; Pledge of Future Revenues from Admissions, Etc., as Security for Repayment of Such 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 § 41-9-354?
A common citation format is "Code of Alabama § 41-9-354" (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 § 41-9-354 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.