143 chapters · 3,669 sections in this title.
Ala. Code § 11-20-1 Definitions
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Wherever used in this article, unless a different meaning clearly appears in the context, the following terms, whether used in the singular or plural, here shall be given the following respective interpretations: (1) PROJECT. Any land and any building or other improvement thereon…
Ala. Code § 11-20-10 Investment in Bonds by Savings Banks and Insurance Companies
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Bonds issued under the provisions of this article shall be legal investments for savings banks and insurance companies organized under the laws of this state. (Acts 1961, Ex. Sess., No. 178, p. 2147, §10.)
Ala. Code § 11-20-11 Counties Not to Contribute Costs of Acquisition of Projects or County Lands Therefor
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No county shall have the power to pay out of its general funds or otherwise contribute any part of the costs of acquiring a project and shall not have the power to use land already owned by the county or in which the county has an equity for construction thereon of a project or a…
Ala. Code § 11-20-12 Exemption from Taxation of Projects, Bonds, Etc
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The bonds authorized by this article and the income therefrom, all mortgages executed as security therefor, all lease agreements made pursuant to the provisions hereof and all projects and the revenue derived from any lease thereof shall be exempt from all taxation in the State o…