§31-18A-8. Prohibition on funds inuring to the benefit of or
being distributable to the directors or officers.
No part of the funds of the energy conservation revolving loan
fund shall inure to the benefit of or be distributable to the
directors or officers of the housing development fund except that
the housing development fund shall be authorized and empowered to
pay reasonable compensation for services rendered and to make loans
as previously specified in furtherance of its purposes under this