The tourism board shall be a public 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, except that in the event the board determines that sufficient provision has been made for the full payment of the expenses and other obligations of the tourism board, any portion, as determined by the board, of the net earnings of the tourism board thereafter accruing may be paid to the City of Florence.
Structure Code of Alabama
Chapter 39 - Lauderdale County.
Article 22 - Parks, Historic Preservation, Museums, and Recreation.
Section 45-39-221 - Definitions.
Section 45-39-221.01 - Organization of Tourism Board.
Section 45-39-221.02 - Board of Directors.
Section 45-39-221.03 - Powers of Tourism Board.
Section 45-39-221.04 - Powers of Board; Officers.
Section 45-39-221.05 - Obligations Not Debts of State, County or Municipality.
Section 45-39-221.06 - Transfer of Funds and Assets to Tourism Board.
Section 45-39-221.07 - Distribution of County Lodging Tax.
Section 45-39-221.08 - Earnings of Tourism Board.
Section 45-39-221.09 - Exemption From Usury and Interest Laws.
Section 45-39-221.10 - Exemption From Taxation.