The existence of a tax increment district shall terminate when:
(1) Positive tax increments are no longer allocable to a district under Section 11-99-6(a) hereof; or
(2) The local governing body, by resolution, dissolves the district.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 3 - Provisions Applicable to Counties and Municipal Corporations.
Chapter 99 - Tax Increment Districts.
Section 11-99-1 - Legislative Findings and Declarations.
Section 11-99-2 - Definitions.
Section 11-99-3 - Powers of Municipalities and Counties.
Section 11-99-4 - Creation of Tax Increment Districts and Approval of Project Plans.
Section 11-99-7 - Termination of Tax Increment Districts.
Section 11-99-8 - Financing of Project Costs.
Section 11-99-9 - Overlapping Tax Increment Districts.
Section 11-99-10 - Equalized Valuation for Apportionment of Property Taxes.