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AL SB314
Bill
AI Summary
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Authorizes economic development authorities to expend funds from locally-established economic development funds to match contributions for workforce training and development centers.
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Allows up to $5,000,000 in equal matching funds from the economic development authority.
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Limits the matching funds to workforce training and development centers located on property owned by the county commission where the authority operates.
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Takes effect immediately upon passage and approval by the Governor or upon otherwise becoming law.
Legislative Description
Economic development authorities, authority distributing funds from economic developnment fund established by local law may match funds for creation of workforce training and development center, under certain conditions
Economic Development
Last Action
Indefinitely Postponed
5/4/2021