The income and property of the authority, all bonds of the authority and the interest paid on any such bonds, all conveyances by or to the authority, and all instruments by and to the authority shall be exempt from all taxation in the state. The authority shall also be exempt from all license and excise taxes imposed in respect of the privilege of engaging in any of the activities in which the authority may engage. The authority shall not be obligated to pay or allow any fees, taxes, or costs in the recording of any document to the judge of probate of any county.
Structure Code of Alabama
Article 17 - Alabama 21st Century Authority.
Division 1 - Authority Generally.
Section 41-10-620 - Short Title.
Section 41-10-621 - Legislative Findings and Purpose.
Section 41-10-622 - Definitions.
Section 41-10-623 - Incorporation of Authority Authorized; Application; Filing.
Section 41-10-624 - Members, Officers, and Directors.
Section 41-10-625 - Powers of the Authority.
Section 41-10-626 - Bonds of the Authority.
Section 41-10-627 - Refunding Bonds.
Section 41-10-628 - Disposition of Proceeds of Bonds.
Section 41-10-629 - Alabama 21st Century Fund.
Section 41-10-630 - Pledge and Appropriation of Tobacco Revenues to Redeem Bonds.
Section 41-10-631 - Notice; Contested Actions.
Section 41-10-632 - Tax Exemption.
Section 41-10-633 - Notice and Hearing Not Required.
Section 41-10-634 - Application of Other Laws.
Section 41-10-635 - Dissolution.
Section 41-10-636 - Racial and Ethnic Diversity.
Section 41-10-637 - Utilization of Services Provided by Department of Finance.
Section 41-10-638 - Transfers From the Special Fund.
Section 41-10-639 - Liberal Construction.
Section 41-10-640 - Alabama Construction Recruitment Institute - Application.
Section 41-10-641 - Alabama Construction Recruitment Institute - Board of Directors.
Section 41-10-642 - Alabama Construction Recruitment Institute - Powers.
Section 41-10-643 - Alabama Construction Recruitment Institute - Records.