Authorizes volunteer fire departments to deposit, invest, or manage funds in federally insured financial institutions.

This bill amends the Code of Alabama to allow volunteer fire departments to deposit, invest, or manage their funds in federally insured financial institutions. It specifies that these funds must not be mixed with private funds. The bill also allows volunteer fire departments and rescue squads to use designated restricted funds for purchasing kitchen equipment and other supplies for volunteer first responders. Expenditures must be accounted for and maintained for at least three years.

Authorizes volunteer fire departments to deposit, invest, or manage funds in federally insured financial institutions.

This bill amends the Code of Alabama to allow volunteer fire departments to deposit, invest, or manage their funds in federally insured financial institutions. It specifies that these funds must not be mixed with private funds. The bill also allows volunteer fire departments and rescue squads to use designated restricted funds for purchasing kitchen equipment and other supplies for volunteer first responders. Expenditures must be accounted for and maintained for at least three years.