Alabama § 45-39-92.11 Continuation of Prior Authority

Alabama Statutes

§ 45-39-92.11 — Continuation of Prior Authority

Alabama § 45-39-92.11

JurisdictionAlabama

Title 45Local Laws

Ch. 39Lauderdale County

Art. 9Economc and Industrial Development and Tourism

Part 3Economic Development

Subpart 1Shoals Economic Development Authority

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Bluebook

Ala. Code § 45-39-92.11 (2026).

Text

It is the intention of the Legislature in enacting this part that the Shoals Industrial Development Authority created pursuant to Act 86-244, 1986 Regular Session (Acts 1986, p. 372) and Act 86-231, 1986 Regular Session (Acts 1986, p. 341), continue in existence as the Shoals Economic Development Authority. All assets, property, papers, furniture, equipment, office supplies, bank accounts, investment portfolios, books, and any rights, duties, functions, liabilities, or obligations of the Shoals Industrial Development Authority on July 25, 1995, shall become the property and obligations of the Shoals Economic Development Authority. Persons employed by the Shoals Industrial Development Authority on July 25, 1995, shall become employees of the Shoals Economic Development Authority without any

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It is the intention of the Legislature in enacting this part that the Shoals Industrial Development Authority created pursuant to Act 86-244, 1986 Regular Session (Acts 1986, p. 372) and Act 86-231, 1986 Regular Session (Acts 1986, p. 341), continue in existence as the Shoals Economic Development Authority. All assets, property, papers, furniture, equipment, office supplies, bank accounts, investment portfolios, books, and any rights, duties, functions, liabilities, or obligations of the Shoals Industrial Development Authority on July 25, 1995, shall become the property and obligations of the Shoals Economic Development Authority. Persons employed by the Shoals Industrial Development Authority on July 25, 1995, shall become employees of the Shoals Economic Development Authority without any interruption in employment or change in status.