Ala. Code § 2-5A-39 (1975) - Maintaining federal tax-exempt status

• Cite as: Ala. Code § 2-5A-39 (1975)

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...