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94 chapters · 1,562 sections in this title.
Ala. Code § 22-23B-1 Legislative Findings
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The Legislature hereby finds and declares that the following facts are true and correct: The 104th Congress of the United States of America has recently enacted into law amendments to Public Law 104-182 (the “federal act”) commonly known as the “Safe Drinking Water Act;” Congress…
Ala. Code § 22-23B-10 Usury Exemption
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All notes, bonds or other securities issued by the authority shall be exempt from the laws of the state governing usury or prescribing or limiting interest rates, including, but without limitation, the provisions of Chapter 8 of Title 8. (Acts 1997, No. 97-415, p. 687, §10.)
Ala. Code § 22-23B-11 Taxation Exemption
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All bonds at any time issued by the authority and the income therefrom shall be exempt from all taxation in the state. (Acts 1997, No. 97-415, p. 687, §11.)
Ala. Code § 22-23B-12 Capitalization Grant Agreements, Operating Agreements, Etc
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The department is hereby authorized to enter into capitalization grant agreements, operating agreements and other arrangements required by the federal act as a condition precedent to the receipt of funds under the federal act. The department shall have full and continuing power t…