Alabama § 45-52-161.12 Morgan County Economic Development Fund

Alabama Statutes

§ 45-52-161.12 — Morgan County Economic Development Fund

Alabama § 45-52-161.12

JurisdictionAlabama

Title 45Local Laws

Ch. 52Morgan County

Art. 16Government Finance and Operations

Part 2Tennessee Valley Authority in Lieu of Taxes

Subpart 1Distribution of Tva Payments

This text of Alabama § 45-52-161.12 (Morgan County Economic Development Fund) 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 § 45-52-161.12 (2026).

Text

The Morgan County Industrial Park and Economic Development Cooperative District shall maintain the Morgan County Economic Development Fund originally created by Act 2007-339, 2007 Regular Session (Acts 2007, p. 602). The Morgan County Economic Development Fund and the monies contained in the fund shall be the property of the district. The district shall invest the monies as provided by law for the investment of funds of the participating local governments, as defined in Section 45-52-161. The district shall use the monies for economic purposes in, or for the benefit of, Morgan County to the extent any of the participating local governments, as defined in Section 45-52-161, could apply the monies for those purposes. Any monies in the Morgan County Economic Development Fund on September 30, 

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The Morgan County Industrial Park and Economic Development Cooperative District shall maintain the Morgan County Economic Development Fund originally created by Act 2007-339, 2007 Regular Session (Acts 2007, p. 602). The Morgan County Economic Development Fund and the monies contained in the fund shall be the property of the district. The district shall invest the monies as provided by law for the investment of funds of the participating local governments, as defined in Section 45-52-161. The district shall use the monies for economic purposes in, or for the benefit of, Morgan County to the extent any of the participating local governments, as defined in Section 45-52-161, could apply the monies for those purposes. Any monies in the Morgan County Economic Development Fund on September 30, 2025, pursuant to former Section 45-52-161.06, or any other provision of law, shall remain in the fund on October 1, 2025.