The properties of the authority and the income therefrom, all lease agreements made by the authority and all bonds and promissory notes issued by the authority, the interest thereon, the coupons, if any, applicable thereto, the income therefrom and all lien notices with respect thereto, and all purchases and uses of property by the authority shall be forever exempt from any and all taxation in the state or in any county, municipality or political subdivision thereof.
Structure Code of Alabama
Article 10 - Alabama Space Science Exhibit Finance Authority.
Section 41-10-300 - Definitions.
Section 41-10-301 - Purpose of Article and Construction.
Section 41-10-302 - Incorporation of Authority.
Section 41-10-303 - Certificate of Incorporation - Application.
Section 41-10-304 - Certificate of Incorporation - Issuance.
Section 41-10-306 - Resolutions and Proceedings of Board of Directors.
Section 41-10-307 - Powers of Authority.
Section 41-10-308 - Temporary Loans in Anticipation of Issuance of Bonds.
Section 41-10-309 - Execution of Bonds and Notes.
Section 41-10-310 - Authority to Issue Bonds.
Section 41-10-311 - Authority to Issue Refunding Bonds.
Section 41-10-312 - Specifications and Priority of Bonds.
Section 41-10-313 - Price of Bonds; Competitive Bidding; Notice of Sale; Expenses of Sale.
Section 41-10-314 - Investment of Trust Funds in Bonds of Authority.
Section 41-10-315 - Security for Deposit of Governmental Funds.
Section 41-10-316 - Disposition of Proceeds of Bonds.
Section 41-10-317 - Investment of Proceeds.
Section 41-10-318 - Security for Bonds.
Section 41-10-319 - Rights of Holders of Bonds Upon Default.
Section 41-10-320 - Bonds and Coupons Deemed Negotiable Instruments.
Section 41-10-321 - Obligations, Bonds and Notes Not Debts of State.
Section 41-10-322 - Conveyance of Property by Commission; Right to Possession.
Section 41-10-323 - Plans for Construction of Facilities.
Section 41-10-324 - Leasing to Commission and Other Agencies.
Section 41-10-325 - Lease of Vacant Facilities to Prevent Default on Bonds.
Section 41-10-326 - Special Funds for Payment of Bonds, Insurance, and Other Expenses.
Section 41-10-327 - Exemption From Taxation.
Section 41-10-328 - Venue for Actions.
Section 41-10-329 - No Fees for Incorporation or Dissolution.
Section 41-10-330 - Dissolution.
Section 41-10-331 - Exemption of Leases of Facilities From Competitive Bid Laws.