The county commission is hereby authorized to invest the remaining surplus in any fund, after the adoption of the budget or after provision has been made for anticipated indebtedness, in interest-bearing securities issued by the United States government which are guaranteed as to principal and which are redeemable upon application. This section shall be retroactive and investments heretofore made are hereby ratified and approved.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 1 - Provisions Applicable to Counties Only.
Chapter 8 - Financial Affairs Generally.
Section 11-8-1 - Fiscal Year Defined.
Section 11-8-2 - Purpose of Chapter.
Section 11-8-3 - Annual Budget.
Section 11-8-6 - Disposition of Unexpended Balances at End of Fiscal Year.
Section 11-8-7 - Record of Financial Status - Required; Contents; Public Examination.
Section 11-8-8 - Record of Financial Status - Maintenance, Etc.
Section 11-8-9 - Authority to Issue Orders for Warrants or Checks.
Section 11-8-10 - Warrants or Orders for Payment of Money Not to Be Issued Until Funds Available.
Section 11-8-11 - Investment of Surplus Funds in United States Securities.
Section 11-8-12 - Appropriations by Counties to Lurleen B. Wallace Memorial Cancer Hospital Fund.
Section 11-8-13 - Office Supplies and Ex Officio Fees of County Officials.
Section 11-8-14 - Appointment of Officers and Employees.
Section 11-8-15 - Emergencies.
Section 11-8-16 - Applicability of Provisions of Chapter - County Bonds.
Section 11-8-17 - Applicability of Provisions of Chapter - Public School Funds.