Alabama § 41-10-47.08 Entering into Contracts, Leases, Agreements, and Investments

Alabama Statutes

§ 41-10-47.08 — Entering into Contracts, Leases, Agreements, and Investments

Alabama § 41-10-47.08

Title 41State Government

Ch. 10Authorities

Art. 2DSite Evaluation Economic Development Strategy

This text of Alabama § 41-10-47.08 (Entering into Contracts, Leases, Agreements, and Investments) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 41-10-47.08 (2026).

Text

The authority may contract with and rely on one or more statewide economic development organizations in implementing this article. The authority may enter into such contracts, leases, agreements, and investments and may otherwise expend monies without compliance with Article 5 of Chapter 4 of Title 41 or Chapter 2 of Title 39. Solely as a result of entering into contracts, leases, agreements, investments, or otherwise, no statewide economic development organization, nor the officers, employees, agents, or directors of any of the foregoing, shall become subject to Chapter 25 or Chapter 25A of Title 36; Article 5 of Chapter 4 of Title 41; Chapter 2 of Title 39; or Section 36-12-40.

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The authority may contract with and rely on one or more statewide economic development organizations in implementing this article. The authority may enter into such contracts, leases, agreements, and investments and may otherwise expend monies without compliance with Article 5 of Chapter 4 of Title 41 or Chapter 2 of Title 39. Solely as a result of entering into contracts, leases, agreements, investments, or otherwise, no statewide economic development organization, nor the officers, employees, agents, or directors of any of the foregoing, shall become subject to Chapter 25 or Chapter 25A of Title 36; Article 5 of Chapter 4 of Title 41; Chapter 2 of Title 39; or Section 36-12-40.