Section 41-9-964 Money from private sources, authority to borrow and pledge future revenues. - Alabama Statutes

Section 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.

(Acts 1996, No. 96-522, p. 670, §15.)