Alabama Statutes

§ 16-17A-22 — Disposition of Excess Revenues

Alabama·Title 16 Education·Ch. 17A University Authority Act of 2016
No part of the net earnings of an authority remaining after payment of its expenses shall inure to the benefit of any person other than a university, a governmental entity, a political corporation, or any nonprofit corporation that is an organization described in Section 501(c)(3) of the Internal Revenue Code.

Free access — add to your briefcase to read the full text and ask questions with AI

Alabama § 16-17A-22 (Disposition of Excess Revenues) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

(Act 2016-201, §22.)

Nearby Sections

15
View on official source ↗