Ala. Code § 11-54-150
Current with legislation from 2024 effective through May 17, 2024.
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 of Alabama.
Ala. Code § 11-54-150 (1975)