Any city or town creating a housing authority shall have the power from time to time to lend or donate money to such authority or to agree to take such action. A housing authority, when it has money available therefor, shall make reimbursements for all such loans made to it.
Ala. Code § 24-1-134
City or Town May Lend or Donate Money to Housing Authority; Reimbursement.
(Acts 1939, No. 617, p. 986, §1; Code 1940, T. 25, §4(1).)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.