Code of Alabama - Title 16: Education - Section 16-44A-57 - Disposition of proceeds

Section 16-44A-57 - Disposition of proceeds.

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.

(Act 2008-551, p. 1198, §8.)

Last modified: May 3, 2021