Wherever used in this article, unless a different meaning clearly appears in the context, the following terms, whether used in the singular or plural, here shall be given the following respective interpretations:
(1) PROJECT. Any land and any building or other improvement thereon and all real and personal properties deemed necessary in connection therewith, whether or not now in existence, which shall be suitable for use by the following or by any combination of two or more thereof:
a. Any industry for the manufacturing, processing or assembling of any agricultural or manufactured products; and
b. Any commercial enterprise in storing, warehousing, distributing or selling products of agriculture, mining or industry, but does not include facilities designed for the sale or distribution to the public of electricity, gas, water or telephone or other services commonly classified as public utilities; provided, that in all counties having populations of not less than 54,500 nor more than 56,000 according to the most recent federal decennial census, such term shall also include any land and any building or other improvement thereon and all real and personal properties deemed necessary in connection therewith, whether or not now in existence, which shall be suitable for use by the federal government or any department or agency thereof as a facility for any federal governmental operation in any such county.
(2) GOVERNING BODY. The county commission in which the legislative powers of the county are vested.
(3) MORTGAGE. A mortgage or a mortgage and deed of trust.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 1 - Provisions Applicable to Counties Only.
Chapter 20 - Promotion of Industry and Trade.
Article 1 - Acquisition, Ownership, and Lease of Projects by Counties.
Section 11-20-1 - Definitions.
Section 11-20-2 - Legislative Intent; Construction of Article Generally.
Section 11-20-3 - Powers of Counties as to Acquisition, Leasing, etc., of Projects Generally.
Section 11-20-4 - Requirements as to Leasing of Projects.
Section 11-20-6 - Bonds - Security for Payment of Principal and Interest; Remedies Upon Default.
Section 11-20-7 - Bonds - Disposition of Proceeds From Sale.
Section 11-20-8 - Refunding Bonds.
Section 11-20-10 - Investment in Bonds by Savings Banks and Insurance Companies.
Section 11-20-12 - Exemption From Taxation of Projects, Bonds, Etc.