The county commission shall select as the county depository for the placing therein of county funds a qualified public depository under Chapter 14A of Title 41. Where permitted by law, the commission shall select a qualified public depository or qualified public depositories that provide proposals offering the highest rate of interest to the county on daily balances of bank deposits at the time of the selection.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 1 - Provisions Applicable to Counties Only.
Chapter 4 - Treasurer or Depository.
Section 11-4-40 - Established.
Section 11-4-42 - Bond or Security.
Section 11-4-43 - Duties and Liabilities Generally.
Section 11-4-44 - Compensation.
Section 11-4-45 - Payment of Moneys Into Depository; Settlements and Reports.
Section 11-4-47 - Civil Actions and Proceedings by and Against Depositories.
Section 11-4-48 - Execution of and Liability Upon Warrants.
Section 11-4-49 - Treasurer Appointed When No Depository Designated.
Section 11-4-50 - Performance of Duties Other Than Receipt and Disbursement of Funds.