11-101A-23
Section 11-101A-23 Public corporation. An authority shall be a public corporation or authority
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 shall
determine that sufficient provision has been made for the full payment of the expenses, securities,
and other obligations of the authority, then any portion, as determined by the board, of the
net earnings of the authority thereafter accruing may, in the discretion of the board, be
paid to one or more of its authorizing subdivisions. (Act 2001-642, p. 1317, §1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-101A-23.htm - 949 bytes - Match Info - Similar pages

11-47-232
Section 11-47-232 Authority as nonprofit corporation. An authority shall be 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, except that in the event a board shall determine
that sufficient provision has been made for the full payment of the expenses, bonds, and other
obligations of an authority, then any portion, as determined by the board, of the net earnings
of an authority thereafter accruing may, in the discretion of the board, be paid to one or
more of its authorizing subdivisions. (Acts 1996, No. 96-320, p. 361, §14.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-47-232.htm - 954 bytes - Match Info - Similar pages

11-54-188
Section 11-54-188 Earnings of an authority. An authority shall be 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, except that in the event a board shall determine
that sufficient provision has been made for the full payment of the expenses, bonds, and other
obligations of an authority, then any net earnings of an authority thereafter accruing shall
be paid to its authorizing municipality. (Acts 1980, No. 80-648, p. 1235, §19.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54-188.htm - 854 bytes - Match Info - Similar pages

11-54A-19
Section 11-54A-19 Earnings of authority. The authority shall be 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, except that in the event a board shall determine
that sufficient provision has been made for the full payment of the expenses, bonds, and other
obligations of the authority, then any net earnings of the authority thereafter accruing shall
be paid to the city. (Acts 1985, No. 85-683, p. 1080, §19.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54A-19.htm - 834 bytes - Match Info - Similar pages

11-89A-19
Section 11-89A-19 Disposition of net earnings of authority. An authority shall be 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, except that in the event a board
shall determine that sufficient provision has been made for the full payment of the expenses,
bonds, and other obligations of an authority, then any portion, as determined by the board,
of the net earnings of an authority thereafter accruing may, in the discretion of the board,
be paid to one or more of its determining subdivisions. (Acts 1980, No. 80-278, p. 368, §20;
Acts 1989, No. 89-744, p. 1476, §10.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-89A-19.htm - 1001 bytes - Match Info - Similar pages

11-92C-19
Section 11-92C-19 Earnings of authority. An authority shall be 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, except that in the event the board shall determine
that sufficient provision has been made for the full payment of the expenses, bonds, and other
obligations of the authority, then any net earnings of the authority thereafter accruing shall
be paid to the authorizing subdivision or private user for the creation and maintenance of
the project. (Act 2020-72, §19.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-92C-19.htm - 899 bytes - Match Info - Similar pages

16-17-16
Section 16-17-16 Earnings of authority. The authority shall be a nonprofit corporation, and
no part of its net earnings remaining after payment of its expenses shall inure to the benefit
of any individual, association or corporation; except, that in the event the board of directors
of the authority shall determine that sufficient provision has been made for the full payment
of the expenses, bonds and other obligations of the authority, then any net earnings thereafter
accruing shall be paid to the determining municipality or to an educational institution to
construct, operate or maintain ancillary improvements, as the board of directors may direct
by resolution. (Acts 1966, Ex. Sess., No. 222, p. 325, §16; Acts 1978, No. 841, p. 1258,
§1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-17-16.htm - 1K - Match Info - Similar pages

16-18-18
Section 16-18-18 Earnings of authority. The authority shall be a nonprofit corporation, and
no part of its net earnings remaining after payment of its expenses shall inure to the benefit
of any individual, association or corporation, except, that in the event the board of directors
of the authority shall determine that sufficient provision has been made for the full payment
of the expenses, bonds and other obligations of the authority, then any net earnings thereafter
accruing shall be paid to the determining municipality. (Acts 1966, Ex. Sess., No. 221, p.
308, §18.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-18-18.htm - 882 bytes - Match Info - Similar pages

11-94-16
Section 11-94-16 Disposition of net earnings. Each authority organized hereunder shall be a
nonprofit 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 its board shall determine that sufficient provision has been made for the full payment
of the expenses, bonds and other obligations of the authority, then any net earnings of an
authority thereafter accruing shall be paid in equal amounts to its authorizing subdivisions.
(Acts 1980, No. 80-647, p. 1220, §16.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-94-16.htm - 903 bytes - Match Info - Similar pages

22-21-337
Section 22-21-337 Disposition of earnings of authority. An authority shall be a public corporation
or authority 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 shall determine that sufficient provision has been made for the full payment of the
expenses, securities and other obligations of the authority, then any portion, as determined
by the board, of the net earnings of the authority thereafter accruing may, in the discretion
of the board, be paid to one or more of its authorizing subdivisions. (Acts 1982, No. 82-418,
p. 629, §28.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-21-337.htm - 973 bytes - Match Info - Similar pages