All money collected from the sale of electric current or received in any way from the use of the municipal electric distribution system shall be deposited in the municipal depositories, which shall be qualified public depositories under Chapter 14A of Title 41, and shall be distributed by the board as required by the governing body of the municipality.
Ala. Code § 11-50-504
Deposit and Distribution of Money Received from Use of Electric System.
(Acts 1939, No. 463, p. 675; Code 1940, T. 18, §74; Act 2000-748, p. 1669, §2.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.