All securities issued by authority of this chapter and the interest thereon shall be exempt from all taxation in the state.
Structure 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-1 - Definitions.
Section 11-81A-2 - Power and Authority of Grantees.
Section 11-81A-3 - Power and Authority of Municipalities, Counties, and Public Corporations.
Section 11-81A-4 - Limitations and Amplification of Securities Authorization.
Section 11-81A-5 - Exemption of Securities From Taxation.