Section 16-18B-14 Exemption from Taxes; Use of Bonds as Security; Investment of Funds.
The bonds and their income are generally exempt from taxation, except inheritance, estate, and gift taxes. Bond holders may use the bonds as security for state-related funds when the law requires security. Fiduciaries may invest trust funds in the corporation’s bonds unless a court or governing document says otherwise.
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- United States — Alabama
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- Act or statute
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- Undated source snapshot
- Language
- en
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Section 16-18B-14 Exemption from Taxes; Use of Bonds as Security; Investment of Funds.
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