Alabama Statutes
§ 45-8A-111.18 — Earnings of the Authority
Alabama § 45-8A-111.18
JurisdictionAlabama
Title 45Local Laws
Ch. 8ACalhoun County Municipalities
Art. 11Oxford
Part 2Development
This text of Alabama § 45-8A-111.18 (Earnings of the Authority) 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 § 45-8A-111.18 (2026).
Text
The authority shall be a nonprofit corporation and no part of its net earnings remaining after payment of its expenses shall inure to the benefit of any individual, firm, or corporation, except that in the event a board shall determine that sufficient provision has been made for the full payment of the expenses, bonds, and other obligations of the authority, then any net earnings of the authority thereafter accruing shall be paid to the city.
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Legislative History
(Act 85-318, p. 223, §19.)
Nearby Sections
15
§ 45-1-10
Disclaimer,§ 45-1-100.01
Superintendent of Education§ 45-1-100.02
Insuring School Buildings and Property§ 45-1-110
Compensation of Poll Workers§ 45-1-120
Reserved§ 45-1-130
Duties of County Engineer§ 45-1-140
Reserved§ 45-1-150
Reserved§ 45-1-160
Reserved§ 45-1-180
Reserved§ 45-1-190
Reserved§ 45-1-20
Licensing and Regulation; ViolationsCite This Page — Counsel Stack
Bluebook (online)
Alabama § 45-8A-111.18, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/45-8A-111.18.