Section 11-4-41
Selection.
The county commission shall select as the county depository for the placing therein of county funds a qualified public depository under Chapter 14A of Title 41. Where permitted by law, the commission shall select a qualified public depository or qualified public depositories that provide proposals offering the highest rate of interest to the county on daily balances of bank deposits at the time of the selection.
(Acts 1915, No. 378, p. 348; Code 1923, §316; Code 1940, T. 12, §44; Acts 1956, 2nd Ex. Sess., No. 108, p. 436; Act 2000-748, p. 1669, §2; Act 2018-149, §1.)