Alabama § 41-10-371 Power of Authority to Pay and Make Agreements with the United States to Exempt Interest of Bonds from Federal Income Tax

Alabama Statutes

§ 41-10-371 — Power of Authority to Pay and Make Agreements with the United States to Exempt Interest of Bonds from Federal Income Tax

Alabama § 41-10-371

Title 41State Government

Ch. 10Authorities

Art. 11Alabama Mental Health Finance Authority

This text of Alabama § 41-10-371 (Power of Authority to Pay and Make Agreements with the United States to Exempt Interest of Bonds from Federal Income Tax) 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 § 41-10-371 (2026).

Text

The authority shall have the power to make such payments to the United States 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 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.