Alabama § 41-9-964 - Money from Private Sources, Authority to Borrow and Pledge Future Revenues.
Full text of Alabama Code of Alabama § 41-9-964 — Money from Private Sources, Authority to Borrow and Pledge Future Revenues., with citation guidance and answers to common questions.
§ 41-9-964. Money from Private Sources, Authority to Borrow and Pledge Future Revenues.
The commission shall have the authority to borrow money from private sources, the state emergency fund or other sources as may be acceptable to the commission under terms and conditions as may be provided by law. In order to provide security for the repayment of any private or public loans, the commission shall have the authority to pledge future revenues from admissions and any other sources.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 41-9-964
What does Code of Alabama § 41-9-964 cover?
Section 41-9-964 ("Money from Private Sources, Authority to Borrow and Pledge Future Revenues.") 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 § 41-9-964?
A common citation format is "Code of Alabama § 41-9-964" (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 § 41-9-964 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.