Alabama § 45-57A-62.08 - Money Investment.
Full text of Alabama Code of Alabama § 45-57A-62.08 — Money Investment., with citation guidance and answers to common questions.
§ 45-57A-62.08. Money Investment.
The board may invest money held in the fund, or such portion of it as may be safely withdrawn for the purpose, in interest bearing bonds, warrants, or other obligations of the United States of America, of the State of Alabama, or of the city, any FDIC insured bank, or any savings and loan association insured by FSLIC. Income from investments shall become part of the fund. Securities belonging to the fund shall be held by the treasurer of the fund subject to the management and control of the board.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 45-57A-62.08
What does Code of Alabama § 45-57A-62.08 cover?
Section 45-57A-62.08 ("Money Investment.") 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 § 45-57A-62.08?
A common citation format is "Code of Alabama § 45-57A-62.08" (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 § 45-57A-62.08 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.