In the event of dissolution, the residual assets of the authority shall be turned over to another public corporation or organization which is itself exempt from federal income tax as an organization described in Section 501(c)(3) and Section 170(c) of the Internal Revenue Code of 1954, as amended.
Structure Code of Alabama
Chapter 7A - Alabama Educational Television Foundation Authority.
Section 16-7A-1 - Creation; Membership, Salary, Etc.
Section 16-7A-2 - Appointment of Members.
Section 16-7A-3 - Election of Officers; Meetings.
Section 16-7A-4 - Purposes; Tax Exemption; Audits.
Section 16-7A-5 - Activities of Authority Not to Include Propaganda, Political Campaigns, Etc.
Section 16-7A-6 - Disposition of Assets Upon Dissolution.
Section 16-7A-7 - Alabama Educational Television Commission to Continue as Governing Body.