The authority is a nonprofit corporation and no part of its net earnings remaining after payment of its expenses shall inure to the benefit of any individual, firm or corporation.
Structure Code of Alabama
Article 2A - Additional Powers of State Industrial Development Authority.
Section 41-10-44.1 - Legislative Intent With Respect to Additional Powers of the Authority.
Section 41-10-44.2 - Additional Definitions.
Section 41-10-44.3 - Additional Powers of Authority.
Section 41-10-44.4 - Determination of Approved Companies.
Section 41-10-44.5 - Legislative Oversight of the Authority.
Section 41-10-44.6 - Project Obligations Generally.
Section 41-10-44.7 - Proceeds From the Sale of Project Obligations; Revenues and Other Funds.
Section 41-10-44.8 - Tax Credits, Job Development Fees and Other Incentives.
Section 41-10-44.9 - Establishment of Tax Increment Funds.
Section 41-10-44.10 - Refunding Obligations.
Section 41-10-44.12 - Requirement to Report to the Legislature.
Section 41-10-44.13 - Exemption From Certain Taxes and Fees.
Section 41-10-44.14 - No Notice, Approval, Public Hearing Required for Issuance of Obligations.