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.
Ala. Code § 41-10-368
Authority Is Nonprofit Corporation.
(Acts 1988, No. 88-475, p. 739, §19.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.