{"data":{"id":"us-al/ala.-code-41-10-47.02","jurisdiction":"us-al","citation":"Ala. Code § 41-10-47.02","heading":"Definitions.","body":"As used in this article, the following terms have the following meanings:\n(1) AUTHORITY. The public corporation organized pursuant to Article 2.\n(2) BOARD. The board of directors of the authority.\n(3) COMPANY. Any person that has employees and conducts an activity listed in Section 40-18-372(1).\n(4) FUND. The Alabama Site Development Fund created by this article.\n(5) LOCAL ECOMONIC DEVELOPMENT ORGANIZATION. Any organization that is determined by the authority to meet both of the following criteria:\na. The organization is an Alabama entity not operating for profit, including, but not limited to, a municipality, county, industrial development board, industrial development authority, chamber of commerce, or some other foundation or nonprofit organization charged with improving a community or region of the state.\nb. The organization has a record of supporting or otherwise participating in economic development in some part of the state.\n(6) SITE. Any parcel of real property intended for development by a company.\n(7) STATEWIDE ECONOMIC DEVELOPMENT ORGANIZATION. An organization that is determined by the authority to be an Alabama entity not operating for profit which is charged with improving the state or a region of the state and has a record of supporting or otherwise participating in economic development in the state.\n(8) TARGETED COUNTY. Any Alabama county that is described in Section 40-18-376.1.","path":["Title 41 State Government.","Chapter 10 Authorities.","Article 2D Site Evaluation Economic Development Strategy."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=41-10-47.02","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:54Z","sha256":"659bebf25def609109196cd984b934b3d72e9f7e72d79d73ff867d3294db0ad2","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-41-10-47.01","next":"us-al/ala.-code-41-10-47.03"},"notice":"GroundRules: Original legal text. Not legal advice."}