For the purpose of aiding or cooperating with the authority in the planning, development, undertaking, construction, acquisition, extension, improvement, operation, or protection of any of its facilities, any county, municipality, or other political subdivision, public corporation, agency, or instrumentality of this state, upon such terms with or without consideration, may as it may determine:

(1) Lend or donate money to, or perform services for the benefit of, the authority.
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Terms Used In Alabama Code 45-46-90.12

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • property: includes both real and personal property. See Alabama Code 1-1-1
  • state: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Alabama Code 1-1-1
(2) Donate, sell, convey, transfer, lease, or grant to the authority, without the necessity of authorization at any election of qualified voters, any property of any kind including, but without limitation, any ports, docks, wharves, or other port facilities, or any facility related thereto or any interest in any such facility and any franchise.
(3) Provide that all or a portion of the taxes or funds available or to become available to, or required by law to be used by it, for dock or port facilities or for the support of the development and use of inland waterways or the furthering of commerce on such waterways generally, be transferred or paid directly to the authority as such funds become available.
(4) Furnish, dedicate, close, pave, repair, install, grade, regrade, plan, or replan boat launching ramps and other like facilities on the banks of inland waterways and streets, roads, roadways, and walks from established streets or roads to any facility of the authority.
(5) Do any and all things, whether or not specifically authorized in this section, not otherwise prohibited by law, that may be necessary or convenient to aid and cooperate with the authority in the planning, undertaking, construction, acquisition, or operation of commercial or industrial development facilities and of inland ports, docks, and related facilities.
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