Alabama § 45-27-246.02 - Distribution of Funds to Escambia County Industrial Development Authority.
Full text of Alabama Code of Alabama § 45-27-246.02 — Distribution of Funds to Escambia County Industrial Development Authority., with citation guidance and answers to common questions.
§ 45-27-246.02. Distribution of Funds to Escambia County Industrial Development Authority.
An amount equal to one-tenth of the net funds received by Escambia County pursuant to Sections 40-20-1 through 40-20-13, for the general fund of the county or one hundred thousand dollars ($100,000) of the funds, whichever is the lesser, shall be appropriated by the Escambia County Commission from the county general fund to the Escambia County Industrial Development Authority, created by Article 9. Furthermore, the governing body of Escambia County may deposit directly into an account authorized by the Escambia County Industrial Development Authority on a monthly installment basis. The development authority may contract with any municipality in Escambia County for services it deems appropriate out of the funds allocated by this section. Any monies which are not expended by the authority by September 30 of each fiscal year shall be carried over from year-to-year by the authority and remain available for expenditure by the authority.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 45-27-246.02
What does Code of Alabama § 45-27-246.02 cover?
Section 45-27-246.02 ("Distribution of Funds to Escambia County Industrial Development Authority.") 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 § 45-27-246.02?
A common citation format is "Code of Alabama § 45-27-246.02" (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 § 45-27-246.02 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.