GroundRules
Ala. Code § 41-14-56: Liability of State and Treasurer ; Delays in Payments.
Where this section sits in the code
- Title 41 State Government.
- Chapter 14 State Funds Generally.
- Article 3 Linked Deposit Program of 2007.
(a) Neither the state nor the Treasurer shall be liable to any eligible lending institution in any manner for payment of the principal or interest on the linked deposit loan to an eligible borrower.
(b) Any delay in payments or any default on the part of the eligible borrower does not in any manner affect the linked deposit participation agreement between the eligible lending institution and the Treasurer.
Collected 2026-09-03T14:01:52Z. Source file · JSON