Alabama § 22-3A-24 Payments and Investment Agreements to Ensure Federal Tax Exemption

Alabama Statutes

§ 22-3A-24 — Payments and Investment Agreements to Ensure Federal Tax Exemption

Alabama § 22-3A-24

Title 22Health, Mental Health, and Environmental Control

Ch. 3AAlabama Public Health Finance Authority

This text of Alabama § 22-3A-24 (Payments and Investment Agreements to Ensure Federal Tax Exemption) 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 § 22-3A-24 (2026).

Text

The authority shall have the power to make such payments to the United States of America as the directors deem necessary to cause the interest on any bonds of the authority to be and remain exempt from federal income taxation. The authority shall have the power to make agreements respecting the investment of funds of the authority necessary in order that the interest income on bonds of the authority be and remain exempt from federal income taxation.

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The authority shall have the power to make such payments to the United States of America as the directors deem necessary to cause the interest on any bonds of the authority to be and remain exempt from federal income taxation. The authority shall have the power to make agreements respecting the investment of funds of the authority necessary in order that the interest income on bonds of the authority be and remain exempt from federal income taxation.