Alabama § 41-23-61 - Definitions.
Full text of Alabama Code of Alabama § 41-23-61 — Definitions., with citation guidance and answers to common questions.
§ 41-23-61. Definitions.
As used in this article, the following words and phrases shall have the following meanings:
(1) ADVISORY COUNCIL. A subcommittee of the committee.
(2) BASE FUNDS. Any money not appropriated pursuant to this article, that is used to match the state funds. Base funds may be federal, local, private, foundation grants, or money derived from any other source.
(3) COMMITTEE. The Regional Revolving Loan Policy Committee established by Section 41-23-51.
(4) CONTRACTUAL SERVICES. Any services necessary for the implementation of and the administration of this article.
(5) DEPARTMENT. The Alabama Department of Economic and Community Affairs.
(6) INCUBATOR. A multitenanted facility characterized by shared business services, equipment, space, and access to on-premises business consultants.
(7) LEGAL ENTITY. Any authority, agency, regional planning and development commission, city government, county government, or subdivisions thereof to which the state may grant funds.
(8) SPONSOR. Any entity that qualifies to make application for state funds and that enters into a written agreement with the committee to establish, operate, and administer a small business incubator or to provide funding to an organization that operates as a small business incubator.
(9) STATE FUNDS. The allocation of moneys from the State General Fund to the department for the purposes of this article.
(10) TENANT. A sole proprietorship, partnership, or corporation that operates in a small business incubator.
Frequently Asked Questions About Alabama § 41-23-61
What does Code of Alabama § 41-23-61 cover?
Section 41-23-61 ("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 § 41-23-61?
A common citation format is "Code of Alabama § 41-23-61" (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 § 41-23-61 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.