Alabama § 11-54-170 Legislative Intent; Liberal Construction

Alabama Statutes

§ 11-54-170 — Legislative Intent; Liberal Construction

Alabama § 11-54-170

Title 11Counties and Municipal Corporations

Ch. 54Promotion of Industry, Trade, Commerce and Pollution Control

Art. 6Commercial Development Authorities

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Bluebook

Ala. Code § 11-54-170 (2026).

Text

It is the intent of the Legislature by the passage of this article to authorize the incorporation in any municipality of commercial development authorities to acquire, own, and lease projects for the purpose of promoting trade and commerce by inducing commercial enterprises to locate new facilities in any municipality and expand existing facilities in any municipality. It is intended that each project be self-liquidating. It is not the intent of the Legislature to authorize any authority itself to operate any commercial enterprise. This article shall be liberally construed in conformity with the intent.

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It is the intent of the Legislature by the passage of this article to authorize the incorporation in any municipality of commercial development authorities to acquire, own, and lease projects for the purpose of promoting trade and commerce by inducing commercial enterprises to locate new facilities in any municipality and expand existing facilities in any municipality. It is intended that each project be self-liquidating. It is not the intent of the Legislature to authorize any authority itself to operate any commercial enterprise. This article shall be liberally construed in conformity with the intent.