, Funds in Bonds.The governing body of any county, city or town within this state is authorized, in its discretion, to invest in bonds of the authority any idle or surplus money held in its treasury.
Alabama Legal Code
Section 4-3-20 - Investment of County, Municipal, Etc
Source: https://alison.legislature.state.al.us/code-of-alabama?section=4-3-20· Version 2026