Bonds issued by the authority are hereby made a legal investment for savings banks and insurance companies organized under the laws of the state and for trustees, executors, administrators, guardians, persons or organizations acting in a fiduciary capacity, unless otherwise directed by a court having jurisdiction or by a document providing fiduciary authority. Any governmental entity or public corporation is authorized, in its discretion, to invest any available funds in the bonds of the authority.
Structure Code of Alabama
Article 19 - Alabama Economic Settlement Authority.
Section 41-10-750 - Legislative Findings and Purpose.
Section 41-10-751 - Definitions.
Section 41-10-752 - Incorporation of Authority Authorized; Application; Filing.
Section 41-10-753 - Members, Officers, and Directors.
Section 41-10-754 - Powers of the Authority.
Section 41-10-755 - Bonds of the Authority.
Section 41-10-756 - Refunding Bonds.
Section 41-10-757 - Disposition of Proceeds of Bonds.
Section 41-10-758 - Creation of Special Fund.
Section 41-10-759 - Pledge and Appropriation of Bp Settlement Revenue to Pay Bonds.
Section 41-10-760 - Notice - Contested Actions.
Section 41-10-761 - Tax Exemption.
Section 41-10-762 - Notice and Hearing Not Required.
Section 41-10-763 - Applicability of Other Laws.
Section 41-10-764 - Dissolution.
Section 41-10-765 - Diversity.
Section 41-10-766 - Services Provided by Department of Finance.
Section 41-10-767 - Bonds Are Legal Investments.