The existence of a tax increment district shall terminate when:
(1) Positive tax increments are no longer allocable to a district under Section 11-99-6(a) hereof; or
(2) The local governing body, by resolution, dissolves the district.
Ala. Code § 11-99-7
Termination of Tax Increment Districts.
Known as the Major 21st Century Manufacturing Zone Act
The act spans §§ 11-99-1 to 11-99-9 (11 sections).
(Acts 1987, No. 87-824, p. 1660, §7.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.