All securities issued by authority of this chapter and the interest thereon shall be exempt from all taxation in the state. (Acts 1980, No. 80-697, p. 1400, §5.)
Exemption of Securities from Taxation
Ala. Code § 11-81A-5, under Issuance of Securities in Anticipation of Receipt of Grants.
Ala. Code § 11-81A-5