Ala. Code § 11-54-141
Current with legislation from 2024 effective through May 17, 2024.
It is the intent of the Legislature by the passage of this article to authorize municipalities to acquire, own, and lease projects for the purpose of promoting trade by inducing commercial enterprises to locate in this state. It is intended that each project be self-liquidating. It is not intended hereby to authorize any municipality itself to operate any commercial enterprise. This article shall be liberally construed in conformity with the said intent.
Ala. Code § 11-54-141 (1975)