Section 45-39-92.04
Exercise of functions and powers.
Upon the organization of the Shoals Economic Development Authority, the authority shall be constituted as an instrumentality for the exercise of public and essential governmental functions and the exercise of the powers conferred by this part. The development of the Shoals area shall be deemed to be an essential governmental function of the cities and counties.
(Act 95-409, p. 874, §1.)