Section 11-99-7 Termination of tax increment districts. - Alabama Statutes

Section 11-99-7

Termination of tax increment districts.

The existence of a tax increment district shall terminate when:

(1) Positive tax increments are no longer allocable to a district under Section 11-99-6(a) hereof; or

(2) The local governing body, by resolution, dissolves the district.

(Acts 1987, No. 87-824, p. 1660, §7.)