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 person or entity.
Ala. Code § 41-10-403
Operation of Authority as Nonprofit Corporation.
Known as the Alabama Supercomputer Authority Act
The act spans §§ 41-10-390 to 41-10-406 (17 sections).
(Acts 1989, No. 89-704, p. 1402, §14.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.