There Is a Newer Version
of
this Section
2021 Code of Alabama
Title 9 - Conservation and Natural Resources.
Chapter 14A - Alabama Public Recreational and Historical Facilities Improvement Act.
Section 9-14A-23 - Tax Exemption.
Universal Citation:
AL Code § 9-14A-23 (2021)
Learn more
This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
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.)
Disclaimer: These codes may not be the most recent version. Alabama may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
