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15 chapters · 233 sections in this title.
Ala. Code § 24-1A-1 Legislative Findings and Declaration of Purpose of Article
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(a) It is hereby found and declared that from time to time there has existed and at the present time there exists an inadequate supply of funds at interest rates sufficiently low to enable the financing of safe and sanitary multi-family dwelling units for citizens of this state a…
Ala. Code § 24-1A-10 Bonds Eligible for Investment by State and Local Governments and by Executors, Trustees, Etc
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The State Treasurer may invest any idle or surplus moneys of the state in bonds of the authority. The governing body of any county or municipality is authorized in its discretion to invest any idle or surplus money held in its treasury in bonds of the authority. Such bonds shall …
Ala. Code § 24-1A-11 Applicability of Certain Provisions of Uniform Commercial Code
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The provisions of subsection (d)(14) of Section 7-9A-109, to the contrary notwithstanding, the provisions of Article 9A of Title 7 shall apply with full force and effect to any security interest (whether denominated a pledge, assignment or otherwise) in any tangible or intangible…
Ala. Code § 24-1A-12 Exemption from Taxation
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The property and income of the authority, all bonds issued by the authority, the interest payable on and the income derived from such bonds, conveyances by or to the authority and leases, mortgages and deeds of trust or trust indentures by or to the authority shall be exempt from…