# Ala. Code § 24-2-9: Section 24-2-9 Investment by Public Bodies, Etc., in Bonds, Etc., Issued by Housing Authorities, Etc

> Alabama · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AL_T24_C2_S24-2-9

## Section

- **Citation:** Ala. Code § 24-2-9
- **Heading:** Section 24-2-9 Investment by Public Bodies, Etc., in Bonds, Etc., Issued by Housing Authorities, Etc
- **Jurisdiction:** Alabama
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Alabama Code / Title 24 / Chapter 2 / Section 24-2-9

## Text

Bonds or other obligations issued by a housing authority or the governing body of any incorporated city or town, in connection with a redevelopment project pursuant to this chapter, shall be security for public deposits and legal investments to the same extent and for the same persons, institutions, associations, corporations, and other bodies and officers as bonds or other obligations issued pursuant to this title in connection with the development of slum clearance and housing projects.

## Nearby sections

- [Ala. Code § 24-2-1 Section 24-2-1 Legislative Findings and Declaration of Necessity](https://www.frixlaw.com/law-library/statutes/STATE_AL_T24_C2_S24-2-1.md)
- [Ala. Code § 24-2-2 Section 24-2-2 Powers of Housing Authorities or Municipalities - Acquisition and Redevelopment of Blighted Property; Limitations on Eminent Domain; Definitions](https://www.frixlaw.com/law-library/statutes/STATE_AL_T24_C2_S24-2-2.md)
- [Ala. Code § 24-2-3 Section 24-2-3 Powers of Housing Authorities or Municipalities - Powers Under Other Housing Laws; Contracts; Issuance of Bonds and Other Obligations; Eminent Domain](https://www.frixlaw.com/law-library/statutes/STATE_AL_T24_C2_S24-2-3.md)
- [Ala. Code § 24-2-4 Section 24-2-4 Approval of Redevelopment Plan by Governing Bodies of Cities, Counties, Etc., in Which Project Situated; Assistance of Redevelopment Projects by Cities, Counties, Etc](https://www.frixlaw.com/law-library/statutes/STATE_AL_T24_C2_S24-2-4.md)
- [Ala. Code § 24-2-5 Section 24-2-5 Advisory Board](https://www.frixlaw.com/law-library/statutes/STATE_AL_T24_C2_S24-2-5.md)
- [Ala. Code § 24-2-6 Section 24-2-6 Land in Project May Be Made Available for Use by Private Enterprise or Public Agencies in Accordance with Redevelopment Plan](https://www.frixlaw.com/law-library/statutes/STATE_AL_T24_C2_S24-2-6.md)
- [Ala. Code § 24-2-7 Section 24-2-7 Tax Status of Land Sold or Leased to Private Individuals or Corporations for Redevelopment](https://www.frixlaw.com/law-library/statutes/STATE_AL_T24_C2_S24-2-7.md)
- [Ala. Code § 24-2-8 Section 24-2-8 Federal Financial Aid](https://www.frixlaw.com/law-library/statutes/STATE_AL_T24_C2_S24-2-8.md)
- [Ala. Code § 24-2-9 Section 24-2-9 Investment by Public Bodies, Etc., in Bonds, Etc., Issued by Housing Authorities, Etc](https://www.frixlaw.com/law-library/statutes/STATE_AL_T24_C2_S24-2-9.md)
- [Ala. Code § 24-2-10 Section 24-2-10 Provisions of Chapter Cumulative; Conflicting Laws](https://www.frixlaw.com/law-library/statutes/STATE_AL_T24_C2_S24-2-10.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AL_T24_C2_S24-2-9. Check the current official text before relying on it. Not legal advice.