Alabama Code 16-60-151. College to be operated as other like institutions; outstanding indebtedness
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Terms Used In Alabama Code 16-60-151
- property: includes both real and personal property. See Alabama Code 1-1-1
- state: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Alabama Code 1-1-1
Upon the acceptance of Snead Junior College as a state educational institution as provided in Section property and provide for operation and maintenance” class=”unlinked-ref” datatype=”S” sessionyear=”2020″ statecd=”AL” title=”16″>16-60-150, the college shall be operated, managed, controlled, maintained and regulated thereafter as other like institutions.
The state shall not incur any indebtedness by acquisition of the college and any debt of the college outstanding at the date of acquisition shall not be a debt of the State of Alabama but shall be payable solely from the revenues of the college and appropriations made for the support and maintenance thereof.