Alabama · Through Act 2026-611

Ala. Code § 16-6K-14: Monies Considered Trust Funds.

Where this section sits in the code

Title 16 Education.
Chapter 6K Alabama Charter School Finance Authority Act.

All monies received by the authority pursuant to this chapter shall be deemed to be trust funds for the holders of the bonds and shall be held and applied for the benefit of the bondholders of the respective issues as provided in this chapter and as provided in the authorizing resolutions of the authority.

Collected 2026-10-10T05:41:29Z. Source file · JSON

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