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.)...
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45-49-90.11
Section 45-49-90.11 Earnings of the corporation. The corporation 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 of directors
of the corporation shall determine that sufficient provision has been made for the full payment
of expenses, bonds, and other obligations of the corporation, then any net earnings of the
corporation thereafter accruing shall be disposed of in accordance with the articles of incorporation.
(Act 88-626, p. 976, § 12.)...
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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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11-94-16
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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41-10-283
Section 41-10-283 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 private entity. (Acts 1986, No. 86-420, p. 627, §24.)...
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41-10-44.15
Section 41-10-44.15 Earnings of the authority. The authority is 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. (Acts 1993, 1st Ex. Sess., No. 93-851, p. 79, §1.)...

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11-22-15
Section 11-22-15 Nonprofit status; disposition of surplus revenue. The corporation 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 of directors of the corporation shall determine that sufficient provision has been
made for the full payment of expenses, bonds and other obligations of the corporation, then
any net earnings of the corporation thereafter accruing shall, at the option of the board
of directors, be used to pay the cost of extensions and improvements to any of its projects
or paid to the county with respect to which the corporation was organized. (Acts 1975, 3rd
Ex. Sess., No. 139, §15.)...
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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.)...
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11-54-93
Section 11-54-93 Disposition of net earnings of boards. The industrial development board shall
be a nonprofit corporation, and no part of its net earnings remaining after payment of its
expenses shall enure to the benefit of any individual, firm, or corporation; except, that
in the event the board of directors of the board shall determine that sufficient provision
has been made for the full payment of the expenses, bonds, and other obligations of the board,
then any net earnings of the corporation thereafter accruing shall be paid to the municipality
with respect to which the board was organized. (Acts 1949, No. 648, p. 991, §13.)...
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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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