§ 26-78-101. Construction

This chapter shall be liberally construed to accomplish this chapter’s purposes.

§ 26-78-118. Bonds — Tax exemption

Interest on all bonds issued under this chapter shall be exempt from state income taxes, and the principal thereof shall be exempt from state inheritance and estate taxes.

§ 26-78-119. Legal investments

Bonds issued under this chapter shall be eligible to secure deposits of all public funds and shall be legal for the investment of bank, fiduciary, insurance company, and trust funds.