2-6-123
Section 2-6-123 Federal income taxation. The corporation shall have the power to make payments to the United States of America as the directors deem necessary to cause the interest on any bonds of the corporation to be and remain exempt from federal income taxation. The corporation shall have the power to make agreements respecting the investment of funds of the corporation necessary in order that the interest income on bonds of the corporation be and remain exempt from federal income taxation. (Act 2011-575, p. 1231, §25.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-6-123.htm - 836 bytes - Match Info - Similar pages
16-18B-19
Section 16-18B-19 Exemption from federal income taxation. The corporation on behalf of the state shall have the power to provide for such payments to the United States of America as the directors deem necessary to cause the interest on any bonds to be and remain exempt from federal income taxation. The corporation shall have the power to make agreements respecting the investment of the proceeds of the bonds or other funds of the corporation necessary in order that the interest income on bonds of the corporation be and remain exempt from federal income taxation. (Act 98-391, p. 771, §19.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-18B-19.htm - 903 bytes - Match Info - Similar pages
9-14A-23
Section 9-14A-23 Tax exemption. The corporations on behalf of the state shall have the power to provide for such payments to the United States of America as the directors deem necessary to cause the interest on any bonds to be and remain exempt from federal income taxation. The corporations shall have the power to make agreements respecting the investment of the proceeds of the bonds or other funds of the corporation necessary in order that the interest income on bonds of the corporations be and remain exempt from federal income taxation. (Act 2000-708, p. 1487, § 23.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/9-14A-23.htm - 882 bytes - Match Info - Similar pages
37-11A-1
by the Governor, or upon its otherwise becoming a law, and when the State of Mississippi ratifies the compact. Article III. For purposes of this compact, the following terms shall have the following meanings: (1) Person means an individual, a corporation, a partnership, or any other entity. (2) Railroad means a common carrier by railroad as defined in Section 1(3) of Part I of the Interstate Commerce Act [codified as 49 U.S.C. §1(3)]. (3) Railroad properties and facilities mean any real or personal property or interest in property which is owned, leased, or otherwise controlled by a railroad or other person, including, without limitation, the authority, and which are used or are useful in rail transportation service, including, without limiting the generality of the foregoing: a. Track, roadbed, and related structures, including rail, ties, ballast, other track materials, grading, tunnels, bridges, trestles, culverts, elevated structures, stations, office buildings used for operating...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-11A-1.htm - 33K - Match Info - Similar pages
41-10-520
Section 41-10-520 Interest on bonds exempt from federal income tax. 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. 90-603, p. 1094, §31.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-520.htm - 869 bytes - Match Info - Similar pages
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.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-371.htm - 929 bytes - Match Info - Similar pages
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.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-3A-24.htm - 876 bytes - Match Info - Similar pages
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.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-476.htm - 897 bytes - Match Info - Similar pages
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.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-16B-11.htm - 1K - Match Info - Similar pages
2-5A-39
Section 2-5A-39 Maintaining federal tax-exempt status. The Board of Agriculture and Industries has the power and hereby delegates power to the Commissioner of Agriculture and Industries to cause appropriate reports to be prepared and payments submitted to the United States of America as shall be deemed necessary to cause the interest on any bonds of the Department of Agriculture and Industries to be and remain exempt from federal income taxation. The commissioner shall have the power to make agreements respecting the investment of funds of the Department of Agriculture and Industries necessary in order that the interest income on bonds of the Department of Agriculture and Industries be and remain exempt from federal income taxation. (Act 2013-286, p. 981,§1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-5A-39.htm - 1K - Match Info - Similar pages
|