The authority, its income, the property of the authority while owned by it, all bonds issued by the authority, the income from such bonds, conveyances by or to the authority and leases, mortgages and deeds of trust by or to the authority shall be exempt from all taxation in the State of Alabama. 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 its incorporation, the amendment of its certificate of incorporation or the recording of any document. No license or excise tax may be imposed on the authority in respect to the privilege of engaging in any of the activities authorized by this chapter.
Structure Code of Alabama
Title 33 - Navigation and Watercourses.
Chapter 15 - Bear Creek Development Authority.
Section 33-15-1 - Definitions.
Section 33-15-3 - Procedure for Incorporation.
Section 33-15-6 - Powers, Duties and Functions Generally.
Section 33-15-7 - Rates, Fees and Charges; User Permits.
Section 33-15-8 - Bonds and Other Obligations - Generally.
Section 33-15-9 - Bonds and Other Obligations - Contracts to Secure Bonds and Other Obligations.
Section 33-15-10 - Bonds and Other Obligations - Statutory Mortgage Lien.
Section 33-15-11 - Bonds and Other Obligations - Use of Proceeds From Sale of Bonds.
Section 33-15-12 - Exemption From Taxation, Etc.
Section 33-15-13 - Monetary Contributions by Certain Counties and Municipalities.
Section 33-15-14 - Freedom of Authority From Supervision and Control.
Section 33-15-15 - Annual Reports.
Section 33-15-16 - Use of Public Roads.
Section 33-15-17 - Cooperation of State Agencies.
Section 33-15-18 - Advisory Board.
Section 33-15-19 - Chapter Cumulative; Construction of Chapter.