22-3A-24
Section 22-3A-24 Payments and investment agreements to ensure federal tax exemption. The authority
shall have the power to make such payments to the United States of America as the directors
deem necessary to cause the interest on any bonds of the authority to be and remain exempt
from federal income taxation. The authority shall have the power to make agreements respecting
the investment of funds of the authority necessary in order that the interest income on bonds
of the authority be and remain exempt from federal income taxation. (Acts 1990, No. 90-598,
§24.)...
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41-10-371
Section 41-10-371 Power of authority to pay and make agreements with the United States to exempt
interest of bonds from federal income tax. The authority shall have the power to make such
payments to the United States as the directors deem necessary to cause the interest on any
bonds of the authority to be and remain exempt from federal income taxation. The authority
shall have the power to make agreements respecting the investment of funds of the authority
necessary in order that the interest income on bonds of the authority be and remain exempt
from federal income taxation. (Acts 1988, No. 88-475, p. 739, §22.)...
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11-81-29
Section 11-81-29 Bonds and interest coupons exempt from taxation. All bonds and interest coupons
attached to the same issued under the authority of this chapter shall be exempt from state,
county and municipal taxation. (Acts 1927, No. 478, p. 534; Code 1940, T. 37, §269.)...
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22-23A-13
Section 22-23A-13 Taxation exemption. All bonds or other indebtedness of the authority and
the coupons applicable thereto and the income therefrom and all projects or parts thereof
and all assets of the authority shall be forever exempt from any and all taxation in the state.
(Acts 1988, 1st Ex. Sess., No. 88-857, p. 338, §13.)...
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41-10-401
Section 41-10-401 Exemption from taxation of properties, income, etc., of authority. The properties
of the authority and the income therefrom, all lease agreements made by the authority and
all lien notices, mortgages, assignments and financing statements filed with respect thereto
shall be forever exempt from any and all taxation of the State of Alabama. (Acts 1989, No.
89-704, p. 1402, §12.)...
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41-10-476
Section 41-10-476 Power to make payments and to make agreements respecting investment of funds.
The authority shall have the power to make such payments to the United States of America as
the directors deem necessary to cause the interest on any bonds of the authority to be and
remain exempt from federal income taxation. The authority shall have the power to make agreements
respecting the investment of funds of the authority necessary in order that the interest income
on bonds of the authority be and remain exempt from federal income taxation. (Acts 1990, No.
90-602, p. 1079, §27.)...
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11-56-21
Section 11-56-21 Exemption from taxation of projects, bonds, etc. Each project and the income
from all leases made with respect thereto, the bonds issued by the corporation and the income
therefrom and all lease agreements and indentures made pursuant to the provisions of this
chapter shall be exempt from all taxation in the state. (Acts 1955, No. 493, p. 1116, §15.)...

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16-16B-11
Section 16-16B-11 (Implementation Conditioned on Separate Legislative Enactment.) Tax exemption.
The Authority shall have the power to make such payments to the United States of America as
the board of directors of the Authority deems necessary to cause the interest on any bonds
of the Authority, including the Bonds, to be and remain exempt from, or excludible from gross
income for purposes of, federal income taxation. The Authority shall have the power to make
such agreements respecting the investment of funds of the Authority as the Authority shall
deem necessary in order that the interest income on bonds of the Authority be and remain exempt
from, or excludible from gross income for purposes of, federal income taxation. (Act 2012-560,
p. 1645, §11.)...
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22-34-13
Section 22-34-13 Tax exempt. All bonds or other indebtedness of the authority and the coupons
applicable thereto and the income therefrom and all projects or parts thereof and all assets
of the authority shall be forever exempt from any and all taxation in the state. (Acts 1987,
No. 87-226, p. 317, §15.)...
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22-3A-13
Section 22-3A-13 Tax exemption; use of bonds as security; investment in bonds. The bonds and
the income therefrom shall be exempt from all taxation in the state. Any of the bonds may
be used by the holder thereof as security for the deposit of any funds belonging to the state
or to any instrumentality or agency of the state in any instance where security for such deposits
may be required. Unless otherwise directed by the court having jurisdiction thereof, or by
the document that is the source of authority, a trustee, executor, administrator, guardian,
or one acting in any other fiduciary capacity may, in addition to any other investment powers
conferred and with the exercise of reasonable business prudence, invest trust funds in any
of the bonds. (Acts 1990, No. 90-598, §13.)...
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