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2021 Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 1 - Provisions Applicable to Counties Only.
Chapter 15 - Public Building Authorities.
Section 11-15-17 - Projects, Income From Leases, Warrants, etc., Exempt From Taxation.
Universal Citation: AL Code § 11-15-17 (2021)
Section 11-15-17
Projects, income from leases, warrants, etc., exempt from taxation.
Each project and the income from all leases made with respect thereto, the warrants issued by the corporation and the income therefrom and all lease agreements and mortgages made pursuant to the provisions hereof shall be exempt from all taxation in the state.
(Acts 1951, No. 682, p. 1172, §14.)
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