Alabama § 41-9-215 - Commitment to Provide Economic Development Funds; Contract Containing Conditions of Project.
Full text of Alabama Code of Alabama § 41-9-215 — Commitment to Provide Economic Development Funds; Contract Containing Conditions of Project., with citation guidance and answers to common questions.
§ 41-9-215. Commitment to Provide Economic Development Funds; Contract Containing Conditions of Project.
(a) After May 4, 2011, no commitment made by the state to provide economic development funds as an incentive for a company to build or expand in this state shall be valid unless the state and the company to whom the commitment was made, within five years of the date of the commitment, enter into a mutually acceptable written contract outlining the conditions of the project.
(b) Any commitment made by the state before May 4, 2011, in which the state and the company to whom the commitment was made have not entered into a mutually acceptable written contract outlining the conditions of the project is void after five years from the date of the commitment or one year after May 4, 2011, whichever is later.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 41-9-215
What does Code of Alabama § 41-9-215 cover?
Section 41-9-215 ("Commitment to Provide Economic Development Funds; Contract Containing Conditions of Project.") 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 § 41-9-215?
A common citation format is "Code of Alabama § 41-9-215" (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 § 41-9-215 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.