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 private entity.
History: (Acts 1990, No. 90-598, §20.)
Ala. Code § 22-3A-20 — under Title 22.
Ala. Code § 22-3A-20
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 private entity.
History: (Acts 1990, No. 90-598, §20.)