{"data":{"id":"us-al/ala.-code-41-1-40","jurisdiction":"us-al","citation":"Ala. Code § 41-1-40","heading":"Legislative Findings.","body":"The Legislature finds and declares that the making and managing of investments or the borrowing of money by governmental entities involves a variety of interest rate, investment, payment, and similar risks. A number of financial instruments are available to hedge against those risks. Many governmental entities lack express statutory authority to take advantage of those instruments, and it is desirable that they have the authority.","path":["Title 41 State Government.","Chapter 1 General Provisions.","Article 3 Swap Agreements."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=41-1-40","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:51Z","sha256":"ef28c9d4b569d2c7451c384c2844c7897e506c2e793cf602eb18eade7554b847","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-41-1-23","next":"us-al/ala.-code-41-1-41"},"notice":"GroundRules: Original legal text. Not legal advice."}