The governing body of any county, city, or town within this state is authorized in its discretion to invest in bonds of the authority any idle or surplus money held in its treasury.
Ala. Code § 45-37A-56.39
Investment in Bonds.
(Acts 1971, No. 2079, p. 3335, §20.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.