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URL:http://alisondb.legislature.state.al.us/alison/CodeOfAlabama
/1975/11-81-247.htm
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Modified:2015-12-14 15:43:20
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Title:11-81-247
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Body:Section 11-81-247

Loss reserve fund.

A local government, combination of local governments, the State or designee, may establish a loss reserve fund. The loss reserve fund may be established for the purposes of paying delinquent assessments caused by the failure of a real property owner to fulfill their obligations under an assessment.

(Act 2015-494, ยง8.)