It is the intent of the Legislature by the passage of this article to authorize the incorporation in any municipality of commercial development authorities to acquire, own, and lease projects for the purpose of promoting trade and commerce by inducing commercial enterprises to locate new facilities in any municipality and expand existing facilities in any municipality. It is intended that each project be self-liquidating. It is not the intent of the Legislature to authorize any authority itself to operate any commercial enterprise. This article shall be liberally construed in conformity with the intent.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 2 - Provisions Applicable to Municipal Corporations Only.
Chapter 54 - Promotion of Industry, Trade, Commerce and Pollution Control.
Article 6 - Commercial Development Authorities.
Section 11-54-170 - Legislative Intent; Liberal Construction.
Section 11-54-171 - Definitions.
Section 11-54-172 - Meaning of "Herein," etc.; Construction of Definitions.
Section 11-54-177 - Officers of the Authority.
Section 11-54-178 - Powers of Authority; Location of Projects; Public Meetings.
Section 11-54-179 - Bonds of Authority Generally.
Section 11-54-180 - Proceeds From Sale of Bonds.
Section 11-54-181 - Refunding Bonds.
Section 11-54-183 - Exemption From Certain Taxes and Fees.
Section 11-54-184 - Nonliability of Authorizing Municipality.
Section 11-54-185 - Exemption From Usury and Interest Laws.
Section 11-54-186 - Exemption From Competitive Bid Laws.
Section 11-54-187 - Freedom of Authority From State Supervision and Control.
Section 11-54-188 - Earnings of an Authority.
Section 11-54-190 - Incorporation of Another Authority by Same Municipality.