The governing body is authorized in its discretion to invest in bonds of the corporation any idle or surplus money held in the treasury of the county which is not otherwise earmarked or pledged.
Ala. Code § 41-10-100
Investment of Surplus, Etc., County Funds in Bonds of Corporation.
Known as the State Products Mart and Coliseum Authority Act
The act spans §§ 41–41 (30 sections).
(Acts 1965, 1st Ex
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.