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AL SB60
Bill
AI Summary
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Authorizes the Alabama Department of Economic and Community Affairs to facilitate development, improvement, maintenance, and construction of inland ports and intermodal transfer facilities across the state.
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Creates the Inland Ports and Intermodal Development Fund to receive annual appropriations of $2,000,000 from the State General Fund, effective fiscal years 2026-2028 (renewable by legislative action).
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Establishes competitive grant program for publicly-owned inland port and intermodal facility projects with local minimum participation of 20 percent of project costs and priority given to projects reducing highway congestion and increasing port tonnage.
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Limits eligible fund uses to capital improvements, dredging near existing ports, infrastructure rehabilitation, intermodal development, and planning assessments; excludes routine maintenance, new port construction without feasibility studies, and administrative expenses.
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Caps department administration of grant program at $5,000,000 in any single fiscal year; unexpended funds carry forward but must revert to State General Fund after three years.
Legislative Description
Ports, inland facilities; create inland port and intermodal grant fund in ADECA.
Transportation
Last Action
Enacted
5/20/2024