Alabama § 41-10-47.02 - Definitions.
Full text of Alabama Code of Alabama § 41-10-47.02 — Definitions., with citation guidance and answers to common questions.
§ 41-10-47.02. Definitions.
As used in this article, the following terms have the following meanings:
(1) AUTHORITY. The public corporation organized pursuant to Article 2.
(2) BOARD. The board of directors of the authority.
(3) COMPANY. Any person that has employees and conducts an activity listed in Section 40-18-372(1).
(4) FUND. The Alabama Site Development Fund created by this article.
(5) LOCAL ECOMONIC DEVELOPMENT ORGANIZATION. Any organization that is determined by the authority to meet both of the following criteria:
a. The organization is an Alabama entity not operating for profit, including, but not limited to, a municipality, county, industrial development board, industrial development authority, chamber of commerce, or some other foundation or nonprofit organization charged with improving a community or region of the state.
b. The organization has a record of supporting or otherwise participating in economic development in some part of the state.
(6) SITE. Any parcel of real property intended for development by a company.
(7) STATEWIDE ECONOMIC DEVELOPMENT ORGANIZATION. An organization that is determined by the authority to be an Alabama entity not operating for profit which is charged with improving the state or a region of the state and has a record of supporting or otherwise participating in economic development in the state.
(8) TARGETED COUNTY. Any Alabama county that is described in Section 40-18-376.1.
Frequently Asked Questions About Alabama § 41-10-47.02
What does Code of Alabama § 41-10-47.02 cover?
Section 41-10-47.02 ("Definitions.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 41-10-47.02?
A common citation format is "Code of Alabama § 41-10-47.02" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 41-10-47.02 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.