Ala. Code § 11-85-106
Current with legislation from 2024 effective through May 17, 2024.
The authority is authorized to sell and issue its bonds in the aggregate principal amount of twenty-four million dollars ($24,000,000) for the purpose of making grants to the twelve regional planning and development commissions, which shall be utilized by the grantees as revolving loan funds.
Ala. Code § 11-85-106 (1975)