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2020 Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 3 - Provisions Applicable to Counties and Municipal Corporations.
Chapter 81A - Issuance of Securities in Anticipation of Receipt of Grants.
Section 11-81A-5 - Exemption of Securities From Taxation.
Universal Citation: AL Code § 11-81A-5 (2020)
Section 11-81A-5
Exemption of securities from taxation.
All securities issued by authority of this chapter and the interest thereon shall be exempt from all taxation in the state.
(Acts 1980, No. 80-697, p. 1400, §5.)
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