It is the intent of this division that the trust, and its associated public educational building authority, may pledge the proceeds of revenues earmarked, designated, or appropriated for the Alabama Veterans Living Legacy and projects thereof, in the same manner as provided in Section 16-44A-32(3). The indebtedness or obligations shall not be deemed or constitute in any way a debt or obligation of the State of Alabama.
Ala. Code § 16-44A-57
Disposition of Proceeds.
Known as the Alabama Veterans Living Legacy Act
The act spans §§ 16-44A-50 to 16-44A-59 (10 sections).
(Act 2008-551, p. 1198, §8.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.