Code of Alabama
Part 2 - Economic and Industrial Development.
Section 45-27A-31.22 - Loans, Sales, Grants, etc., of Money, Property, etc., to Authority by Countries, Municipalities, Etc.

For the purpose of effecting the revitalization and redevelopment of the central business district of the city, any county, municipality, or other political subdivision, public corporation, agency, or instrumentality of this state may, upon such terms and with or without consideration, as it may determine, do all of the following:
(1) Lend or donate money to or perform services for the benefit of the authority.
(2) Donate, sell, convey, transfer, lease, or grant to the authority, without the necessity of authorization at any election of qualified voters, any property of any kind, any interest therein, and any franchise.
(3) Do any and all things, whether or not specifically authorized in this part and not otherwise prohibited by law, that are necessary or convenient in connection with aiding and cooperating with the authority in its efforts to revitalize and redevelop the central business district of the city.

Structure Code of Alabama