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:
(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; and
(3) Do any and all things, whether or not specifically authorized in this article 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
Chapter 8A - Calhoun County Municipalities.
Part 1 - Downtown Development Authority.
Section 45-8A-20 - Legislative Intent.
Section 45-8A-20.01 - Definitions.
Section 45-8A-20.02 - Use of Phrases.
Section 45-8A-20.05 - Amendments to Certificate of Incorporation.
Section 45-8A-20.06 - Board of Directors.
Section 45-8A-20.07 - Officers of the Authority.
Section 45-8A-20.08 - Powers of Authority.
Section 45-8A-20.09 - Bonds of Authority.
Section 45-8A-20.10 - Proceeds From the Sale of Bonds.
Section 45-8A-20.11 - Refunding Bonds.
Section 45-8A-20.12 - Notice of Bond Resolution.
Section 45-8A-20.13 - Exemption From Taxation.
Section 45-8A-20.14 - Liability of City.
Section 45-8A-20.15 - Exemption From Usury and Interest Laws.
Section 45-8A-20.16 - Exemption From Competitive Bid Laws.
Section 45-8A-20.17 - Freedom of Authority From State Supervision and Control.
Section 45-8A-20.18 - Earnings of the Authority.
Section 45-8A-20.19 - Dissolution of the Corporation and Vesting of Title to Property in the City.
Section 45-8A-20.20 - Existence of the Authority to Prevent Incorporation of Another by the City.