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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41-9-966
Section 41-9-966 Tax exemption. The commission shall be exempt from taxation by the State of
Alabama and any political subdivision, including, but not limited to, income, admission, amusement,
excise and ad valorem taxes on any of the following items: (1) Properties of the commission
and the income derived. (2) Lease agreements and contracts. (3) Bonds and coupons and the
income derived. (4) Executed indentures. (Acts 1996, No. 96-522, p. 670, §17.)...
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41-10-44.13
Section 41-10-44.13 Exemption from certain taxes and fees. The income and property of the authority,
all project obligations issued by the authority and the interest paid on any such project
obligations, all conveyances by or to the authority, and all instruments by or to the authority
shall be exempt from all taxation in the state. The authority shall also be exempt from all
license and excise taxes imposed in respect of the privilege of engaging in any of the activities
in which the authority may engage. The authority shall not be obligated to pay or allow any
fees, taxes or costs to the judge of probate of any county in respect of the recording of
any document. (Acts 1993, 1st Ex. Sess., No. 93-851, p. 79, §1.)...
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45-17A-80.03
Section 45-17A-80.03 Commission a nonprofit agency; tax exempt status. The commission shall
constitute a nonprofit governmental agency whose funds shall be used exclusively for public
purposes. The commission shall have tax exempt status, and the properties of the commission
and the income therefrom, together with all leases, agreements, and contracts made by it,
shall be forever exempt from any and all taxation by the State of Alabama and any political
subdivision thereof, including, but not limited to, income, admission, amusement, excise,
and ad valorem taxes. (Act 89-958, p. 1887, §4.)...
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45-26A-70.03
Section 45-26A-70.03 Commission a nonprofit agency; tax exempt status. The commission shall
constitute a nonprofit governmental agency whose funds shall be used exclusively for public
purposes. The commission shall have tax exempt status, and the properties of the commission
and the income therefrom, together with all leases, agreements, and contracts made by it,
shall be forever exempt from any and all taxation by the State of Alabama and any political
subdivision thereof, including, but not limited to, income, admission, amusement, excise,
and ad valorem taxes. (Act 89-718, p. 1433, §4.)...
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11-50-235
alter the same at pleasure; (4) To acquire, purchase, construct, operate, maintain, enlarge,
extend, and improve any system or systems, the operation of which is provided for in the certificate
of incorporation of such corporation (whether or not such system or systems were in existence
or whether or not such system or systems were privately owned prior to acquisition by such
corporation) and to receive, acquire, take, and hold, whether by purchase, gift, lease, devise,
or otherwise, real, personal, and mixed property of any nature whatsoever that its
board of directors may deem a necessary or convenient part of such system or systems; (5)
To borrow money and to issue in evidence of the borrowing interest-bearing bonds payable solely
from the revenues derived from the operation of either or both of its systems (although the
money so borrowed may be used for the benefit of or with respect to only one of its systems);
(6) To pledge for payment of its bonds any revenues from which such...
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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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16-18B-14
Section 16-18B-14 Exemption from taxes; use of bonds as security; investment of funds. All
bonds (including refunding bonds) issued pursuant hereto, and the income therefrom (including
the interest income thereon) shall be free from all taxation by the state or any county, municipality,
or other political subdivision or instrumentality of the state, excepting inheritance, estate,
and gift taxes. Any bonds issued by the corporation may be used by the holder thereof as security
for 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 by law. 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 by law and with the exercise of
reasonable business prudence, invest trust and other...
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41-10-28
Section 41-10-28 Execution of bonds and interest coupons; form, terms, denominations, etc.,
of bonds; sale; refunding bonds; liability upon bonds; pledges of certain funds as security
for payment of principal and interest on bonds generally; bonds to be deemed negotiable instruments;
bonds and income therefrom exempt from taxation; use of bonds as security for deposits of
funds of state, etc.; investment of certain state funds and private trust funds in bonds;
public hearing or consent of Department of Finance, etc., not a prerequisite to issuance of
bonds. The bonds of the authority shall be signed by its president and attested by its secretary,
and the seal of the authority shall be affixed thereto, and any interest coupons applicable
to such bonds shall be signed by the president; provided, that a facsimile of the signature
of one, but not both, of said officers may be printed or otherwise reproduced on any such
bonds in lieu of being manually subscribed thereon, a facsimile of the...
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11-101A-14
the application and use of any revenues out of which any securities are payable, the rights
or duties of the parties to the instrument or the parties for the benefit of whom the instrument
is made, and the rights and remedies of the parties in the event of default. It may also contain
provisions restricting the individual rights of action of the holders of any securities. Any
indenture may be filed in the office of the judge of probate of any county in which any of
the property, real, personal, or mixed, subject to the lien thereof is, or is anticipated
to be, located, and the lien of the indenture shall, with respect to all personal property
and fixtures subject thereto, including after-acquired property, and notwithstanding any contrary
provisions of, and without compliance with, the Alabama Uniform Commercial Code, Title 7,
be valid and binding against all parties having claims of any kind against the authority,
irrespective of whether the parties have actual notice thereof,...
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