Alabama § 45-39A-11.34 Disposition of Funds Upon Dissolution or Expiration of Tourism Improvement District Plan

Alabama Statutes

§ 45-39A-11.34 — Disposition of Funds Upon Dissolution or Expiration of Tourism Improvement District Plan

Alabama § 45-39A-11.34

JurisdictionAlabama

Title 45Local Laws

Ch. 39ALauderdale County Municipalities

Art. 1Florence

Part 2Parks, Recreation, and Tourism

Subpart 2Tourism Improvement Districts

This text of Alabama § 45-39A-11.34 (Disposition of Funds Upon Dissolution or Expiration of Tourism Improvement District Plan) 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 § 45-39A-11.34 (2026).

Text

Upon the dissolution or expiration without renewal of a tourism improvement district, any remaining revenues, after all outstanding debts are paid, derived from the levy of benefit assessments or derived from the sale of assets acquired with the revenues, shall be spent in accordance with the tourism improvement district plan or shall be refunded to the owners of the businesses then located and operating within the tourism improvement district in which benefit assessments were levied by applying the same method and basis that was used to calculate the benefit assessments levied in the fiscal year in which the tourism improvement district is dissolved or expires.

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Upon the dissolution or expiration without renewal of a tourism improvement district, any remaining revenues, after all outstanding debts are paid, derived from the levy of benefit assessments or derived from the sale of assets acquired with the revenues, shall be spent in accordance with the tourism improvement district plan or shall be refunded to the owners of the businesses then located and operating within the tourism improvement district in which benefit assessments were levied by applying the same method and basis that was used to calculate the benefit assessments levied in the fiscal year in which the tourism improvement district is dissolved or expires.