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Section 11-54-170 Legislative Intent; Liberal Construction.

Section 11-54-170

Legislative intent; liberal construction.

It is the intent of the Legislature by the passage of this article to authorize the incorporation in any municipality of commercial development authorities to acquire, own, and lease projects for the purpose of promoting trade and commerce by inducing commercial enterprises to locate new facilities in any municipality and expand existing facilities in any municipality. It is intended that each project be self-liquidating. It is not the intent of the Legislature to authorize any authority itself to operate any commercial enterprise. This article shall be liberally construed in conformity with the intent.

(Acts 1980, No. 80-648, p. 1235, §1; Acts 1981, No. 81-729, p. 1251, §2; Acts 1994, No. 94-323, §1.)

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Local Government
Alabama
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Kay Ivey
Kay Ivey
April 10, 2017 -
Republican
1-334-242-3935
600 Dexter Ave., Montgomery, AL, 36104

Keywords
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municipality
intent
trade
commerce
promoting
legislature
inducing
facilities
authorize