Ala. Code § 45-39-221.08
Current through the 2024 Regular Session.
The tourism board shall be a public 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 the board determines that sufficient provision has been made for the full payment of the expenses and other obligations of the tourism board, any portion, as determined by the board, of the net earnings of the tourism board thereafter accruing may be paid to the City of Florence.
Ala. Code § 45-39-221.08 (1975)