# Ala. Code § 16-20-5: Section 16-20-5 State Pledged to Pay Interest on School Land Funds

> Alabama · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AL_T16_C20_S16-20-5

## Section

- **Citation:** Ala. Code § 16-20-5
- **Heading:** Section 16-20-5 State Pledged to Pay Interest on School Land Funds
- **Jurisdiction:** Alabama
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Alabama Code / Title 16 / Chapter 20 / Section 16-20-5

## Text

All funds now in the Treasury derived from the sale of sixteenth section or other school lands, or which may hereafter accrue from sale of such lands, together with the redemption money of other lands in which former accumulations have been invested under an act approved March 1, 1881, entitled “An act to authorize the compromise and settlement of claims for school lands in this state,” are covered into the Treasury and made available for general purposes, and the faith and credit of the state is pledged for the payment of the interest on such fund to the public schools of the state, at the rate of six percent per annum.

## Nearby sections

- [Ala. Code § 16-20-1 Section 16-20-1 “School Lands” Defined](https://www.frixlaw.com/law-library/statutes/STATE_AL_T16_C20_S16-20-1.md)
- [Ala. Code § 16-20-3 Section 16-20-3 When Secretary of State Issues Patent](https://www.frixlaw.com/law-library/statutes/STATE_AL_T16_C20_S16-20-3.md)
- [Ala. Code § 16-20-4 Section 16-20-4 Notes Placed with Attorney General for Collection](https://www.frixlaw.com/law-library/statutes/STATE_AL_T16_C20_S16-20-4.md)
- [Ala. Code § 16-20-5 Section 16-20-5 State Pledged to Pay Interest on School Land Funds](https://www.frixlaw.com/law-library/statutes/STATE_AL_T16_C20_S16-20-5.md)
- [Ala. Code § 16-20-6 Section 16-20-6 When Title Acquired by Adverse Possession](https://www.frixlaw.com/law-library/statutes/STATE_AL_T16_C20_S16-20-6.md)
- [Ala. Code § 16-20-7 Section 16-20-7 Township Lines Abolished](https://www.frixlaw.com/law-library/statutes/STATE_AL_T16_C20_S16-20-7.md)
- [Ala. Code § 16-20-8 Section 16-20-8 Sale of Land Deeded to State for School Purposes - When Authorized; Deeds](https://www.frixlaw.com/law-library/statutes/STATE_AL_T16_C20_S16-20-8.md)
- [Ala. Code § 16-20-9 Section 16-20-9 Sale of Land Deeded to State for School Purposes - Disposition of Proceeds](https://www.frixlaw.com/law-library/statutes/STATE_AL_T16_C20_S16-20-9.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AL_T16_C20_S16-20-5. Check the current official text before relying on it. Not legal advice.