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.)...
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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.)...
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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.)...
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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.)...
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24-1A-16
Section 24-1A-16 Earnings of authority; nonprofit; excess paid to state. 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 its board of directors 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 state. (Acts 1980, No.
80-585, p. 899, §18.)...
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45-23A-91.18
Section 45-23A-91.18 Earnings of the 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 provisions has been made for the full payment of the expenses, bonds, or other
obligations of the authority, then any net earnings of the authority thereafter accruing shall
be paid to the city. (Act 84-395, p. 904, §19.)...
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45-27A-31.18
Section 45-27A-31.18 Earnings of the 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. (Act 82-740, p. 196, §19.)...
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45-35A-52.18
Section 45-35A-52.18 Earnings of the 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. (Act 82-303, p. 393, §19.)...
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45-41A-10.18
Section 45-41A-10.18 Earnings of the 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. (Act 85-185, p. 40, §19.)...
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45-41A-40.18
Section 45-41A-40.18 Earnings of the 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. (Act 84-415, p. 981, §19.)...
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