Section 41-10-61 Exemption from Taxation of Bonds, Properties, Income, Etc., of Authority; Use of Bonds as Security for Deposits of State Funds; Investment of Trust Funds in Bonds.
Authority property, lease income, and bonds are exempt from Alabama taxation; bonds may also be used as security for certain public deposits, and fiduciaries may invest trust funds in the bonds unless a court or governing document says otherwise.
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- United States — Alabama
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- Language
- en
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Section 41-10-61 Exemption from Taxation of Bonds, Properties, Income, Etc., of Authority; Use of Bonds as Security for Deposits of State Funds; Investment of Trust Funds in Bonds.
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