The notes and bonds of any authority shall be legal investments in which the state and its agencies and instrumentalities, all counties, municipalities, and other political subdivisions of the state and public corporations organized under the laws thereof, all insurance companies and associations and other persons carrying on an insurance business, all banks, savings banks, savings and loan associations, trust companies, credit unions, and investment companies of any kind, all administrators, guardians, executors, trustees, and other fiduciaries and all other persons whatsoever who are now or may hereafter be authorized to invest in bonds or other obligations of the state may properly and legally invest funds in their control or belonging to them.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 2 - Provisions Applicable to Municipal Corporations Only.
Chapter 62 - Municipal Special Health Care Facility Authorities.
Section 11-62-1 - Definitions.
Section 11-62-2 - Legislative Findings and Declarations.
Section 11-62-4 - Amendment of Certificate of Incorporation.
Section 11-62-5 - Board of Directors.
Section 11-62-7 - Powers of Authority Generally; Operation of Facilities by Authority.
Section 11-62-10 - Refunding Bonds and Notes.
Section 11-62-11 - Investment in Bonds and Notes by State, Counties, Municipalities, Etc.
Section 11-62-12 - Establishment and Maintenance of Special Debt Service Reserve Funds, Etc.
Section 11-62-15 - Disposition of Net Earnings of Authority.
Section 11-62-18 - Exemptions of Authority - Taxation.
Section 11-62-19 - Exemptions of Authority - Usury and Interest Laws.
Section 11-62-20 - Exemptions of Authority - Competitive Bid Laws.