HB232 Summary

• Amends Section 11-94-10 of the Alabama Code to require port authorities to publish bond issuance notices in newspapers and on newspaper websites with internet presence.

• Changes publication requirement from discretionary ("may") to mandatory ("shall") for notices appearing once weekly for two consecutive weeks in counties within the authority's operational area.

• Establishes a 20-day statute of limitations from first publication for filing civil actions to contest bond validity, pledges, mortgages, or project leases.

• Bars any legal challenges to bonds or related proceedings after the 20-day period expires, preventing such issues from being raised as counterclaims, setoffs, or defenses in later lawsuits.

• Effective on the first day of the third month following passage and Governor approval.