Alabama Statutes

§ 11-54-171 — Definitions

Alabama·Title 11 Counties and Municipal Corporations·Ch. 54 Promotion of Industry, Trade, Commerce and Pollution Control·Art. 6 Commercial Development Authorities

The following words and phrases used in this article, in the absence of clear implication otherwise, shall be given the following interpretations:

(1)APPLICANT. A person who files a written application with the governing body of any municipality in accordance with Section 11-54-173.
(2)AUTHORITY. A public corporation organized pursuant to this article.
(3)AUTHORIZING MUNICIPALITY. Any municipality the governing body of which shall have adopted an authorizing resolution.
(4)AUTHORIZING RESOLUTION. A resolution adopted by the governing body of any municipality in accordance with Section 11-54-173, that authorizes the incorporation of an authority.
(5)BOARD. The board of directors of an authority.
(6)BONDS. Includes bonds, notes, and certificates representing an obligation to pay money.

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Legislative History

(Acts 1980, No. 80-648, p. 1235, §2; Acts 1981, No. 81-729, p. 1251, §3; Acts 1994, No. 94-323, §1; Act 2012-538, p. 1599, §1; Act 2024-99, §1.)

Nearby Sections

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