Code of Alabama

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URL:http://alisondb.legislature.state.al.us/alison/CodeOfAlabama
/1975/16-17A-22.htm
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Size:691 bytes
Modified:2016-10-04 15:51:30
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Title:16-17A-22
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Body:Section 16-17A-22

Disposition of excess revenues.

No part of the net earnings of an authority remaining after payment of its expenses shall inure to the benefit of any person other than a university, a governmental entity, a political corporation, or any nonprofit corporation that is an organization described in Section 501(c)(3) of the Internal Revenue Code.

(Act 2016-201, ยง22.)