AGO 1996-154.

• Case Date: March 18, 1996
• Court: Alabama

Alabama Attorney General Opinions 1996. AGO 1996-154. 1996-154March 18, 1996Honorable David G. Bronner Chief Executive Director Retirement Systems of Alabama 135 South Union Street Montgomery, AL 36130 Retirement Systems - Ad Valorem Taxes - Exemptions - Golf and Golfing - Code of Alabama 1975, _ 40-9-1Real property of the State Retirement Systems is exempt from ad valorem taxation.Dear Dr. Bronner: This opinion is issued in response to your request for an opinion from the Attorney General. QUESTION The question presented is whether property owned by the Alabama Retirement Systems - the Teachers' Retirement System of Alabama, the Employees' Retirement System of Alabama and the Judicial Retirement Fund - is exempt from ad valorem taxation. FACTS, LAW AND ANALYSIS As a part of their investment portfolios the State Retirement Systems own in fee simple certain real property in various counties in the State of Alabama upon which are located the golf courses of the Robert Trent Jones Trail. Among these properties is the property in Madison County, Alabama, upon which the Hampton Cove golf facility is located. These golf facilities are operated and managed by SunBelt Golf Corporation, a private for-profit corporation, which leases the golf courses under short-term leases. The Retirement Systems are instrumentalities of the State of Alabama created by state statute. Sections 36-27-1, et seq.; 16-25-1, et seq.; and...