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 19 - Alabama Economic Settlement Authority.
Section 41-10-750 - Legislative Findings and Purpose.
Section 41-10-751 - Definitions.
Section 41-10-752 - Incorporation of Authority Authorized; Application; Filing.
Section 41-10-753 - Members, Officers, and Directors.
Section 41-10-754 - Powers of the Authority.
Section 41-10-755 - Bonds of the Authority.
Section 41-10-756 - Refunding Bonds.
Section 41-10-757 - Disposition of Proceeds of Bonds.
Section 41-10-758 - Creation of Special Fund.
Section 41-10-759 - Pledge and Appropriation of Bp Settlement Revenue to Pay Bonds.
Section 41-10-760 - Notice - Contested Actions.
Section 41-10-761 - Tax Exemption.
Section 41-10-762 - Notice and Hearing Not Required.
Section 41-10-763 - Applicability of Other Laws.
Section 41-10-764 - Dissolution.
Section 41-10-765 - Diversity.
Section 41-10-766 - Services Provided by Department of Finance.
Section 41-10-767 - Bonds Are Legal Investments.