Alabama Statutes
§ 2-5A-39 — Maintaining Federal Tax-Exempt Status
Alabama § 2-5A-39
This text of Alabama § 2-5A-39 (Maintaining Federal Tax-Exempt Status) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ala. Code § 2-5A-39 (2026).
Text
The Board of Agriculture and Industries has the power and hereby delegates power to the Commissioner of Agriculture and Industries to cause appropriate reports to be prepared and payments submitted to the United States of America as shall be deemed necessary to cause the interest on any bonds of the Department of Agriculture and Industries to be and remain exempt from federal income taxation. The commissioner shall have the power to make agreements respecting the investment of funds of the Department of Agriculture and Industries necessary in order that the interest income on bonds of the Department of Agriculture and Industries be and remain exempt from federal income taxation.
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Legislative History
(Act 2013-286, p. 981,§1.)
Nearby Sections
15
§ 2-1-1
Definitions§ 2-1-11
Animal Identification Program§ 2-1-13
Agricultural Tourist Attractions§ 2-1-9
Penalty for Violation§ 2-10-100
Associations May FederateCite This Page — Counsel Stack
Bluebook (online)
Alabama § 2-5A-39, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/2-5A-39.