Section 41-10-315 Security for deposit of governmental funds. - Alabama Statutes

Section 41-10-315

Security for deposit of governmental funds.

Any bonds issued by the authority may be used by the holders thereof as security for deposits of any funds belonging to the state or to any instrumentality, agency or political subdivision of the state in any instance where security for such deposits may be required or permitted by law.

(Acts 1986, No. 86-546, p. 1093, §16.)