Applications for carryforward allocations may be submitted to the authority on or after December 1 of each calendar year. The authority shall grant such carryforward allocations in its sole discretion, giving due regard to the likelihood of the use of the remaining state ceiling prior to December 31 of such year, and shall use its best efforts to assure that any remaining and unallocated state ceiling is used to satisfy applications for carryforward allocations.
Structure Code of Alabama
Article 2 - Industrial Development Authority.
Section 41-10-35 - Legislative Findings and Intent.
Section 41-10-36 - Definitions.
Section 41-10-37 - Allocation Procedure.
Section 41-10-38 - Allocation Formulae.
Section 41-10-39 - Carryforward Allocation Procedure.
Section 41-10-40 - Duty of Fairness and Impartiality in Granting Allocations.
Section 41-10-41 - Forms, Regulations, and Interpretations; Employment of Attorneys, Agents, Etc.
Section 41-10-42 - Designation of Official for Certifications.