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Home » US Law » 2022 Code of Alabama » Title 33 - Navigation and Watercourses. » Chapter 2 - Development of Docks and Other Facilities Along Inland Waterways. » Article 7 - Acquisition, Construction, Financing, and Improvement of State Docks Facilities.

Section 33-2-203 – Security for Obligations.

Section 33-2-203 Security for obligations. As security for the payment of any obligations agreed to in any swap agreement, as defined in subdivision (3) of Section 41-1-41, the department may pledge for payment of the obligations, all or any part of its docks facilities revenues; provided, however, that any pledge of its docks facilities revenues, […]