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AL HB449
Bill
Status
6/1/2023
Primary Sponsor
Pebblin Warren
Click for details
AI Summary
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Amends Section 45-44-90 of the Alabama Code to modify the Macon County Economic Development Authority, which aids current industries and develops new industries providing job opportunities in the county.
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Authorizes the Macon County Economic Development Authority to incorporate or reincorporate as an authority under Chapter 92A of Title 11, with the newly incorporated authority's board members remaining the same as provided in Section 45-44-90.01 unless otherwise specified in the articles of incorporation.
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Allows funds available to the Macon County Economic Development Authority or any successor authority to be expended or pledged for economic development purposes in Macon County, including securing and repaying loans for economic development.
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Provides that powers, privileges, duties, or exemptions granted to a newly incorporated or successor authority shall not limit or negate any purpose, power, or source of funds originally granted to the Macon County Economic Development Authority.
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Becomes effective immediately upon passage and approval by the Governor.
Legislative Description
Relating to Macon County; to amend Section 45-44-90 of the Code of Alabama 1975, establishing the Macon County Economic Development Authority, to further provide for the operation of the authority; and to authorize the formation of a successor authority under certain conditions.
Macon County, Economic Development Authority, operation, reincorporation
Last Action
Enrolled
6/1/2023