Alabama § 41-10-39 Carryforward Allocation Procedure

Alabama Statutes

§ 41-10-39 — Carryforward Allocation Procedure

Alabama § 41-10-39

JurisdictionAlabama

Title 41State Government

Ch. 10Authorities

Art. 2Industrial Development Authority

Div. 2State Ceiling

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Bluebook

Ala. Code § 41-10-39 (2026).

Text

Applications for carryforward allocations may be submitted to the authority on or after December 1 of each calendar year. The authority shall grant such carryforward allocations in its sole discretion, giving due regard to the likelihood of the use of the remaining state ceiling prior to December 31 of such year, and shall use its best efforts to assure that any remaining and unallocated state ceiling is used to satisfy applications for carryforward allocations.

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Applications for carryforward allocations may be submitted to the authority on or after December 1 of each calendar year. The authority shall grant such carryforward allocations in its sole discretion, giving due regard to the likelihood of the use of the remaining state ceiling prior to December 31 of such year, and shall use its best efforts to assure that any remaining and unallocated state ceiling is used to satisfy applications for carryforward allocations.