Alabama § 41-10-47.08 - Entering into Contracts, Leases, Agreements, and Investments.
Full text of Alabama Code of Alabama § 41-10-47.08 — Entering into Contracts, Leases, Agreements, and Investments., with citation guidance and answers to common questions.
§ 41-10-47.08. Entering into Contracts, Leases, Agreements, and Investments.
The authority may contract with and rely on one or more statewide economic development organizations in implementing this article. The authority may enter into such contracts, leases, agreements, and investments and may otherwise expend monies without compliance with Article 5 of Chapter 4 of Title 41 or Chapter 2 of Title 39. Solely as a result of entering into contracts, leases, agreements, investments, or otherwise, no statewide economic development organization, nor the officers, employees, agents, or directors of any of the foregoing, shall become subject to Chapter 25 or Chapter 25A of Title 36; Article 5 of Chapter 4 of Title 41; Chapter 2 of Title 39; or Section 36-12-40.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 41-10-47.08
What does Code of Alabama § 41-10-47.08 cover?
Section 41-10-47.08 ("Entering into Contracts, Leases, Agreements, and Investments.") 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 § 41-10-47.08?
A common citation format is "Code of Alabama § 41-10-47.08" (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 § 41-10-47.08 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.