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AL HB510
Bill
Status
Introduced
2/25/2026
Primary Sponsor
Chris Pringle
Click for details
AI Summary
- Expands powers of industrial development boards in Class 2 municipalities (cities with populations between 50,000-174,999) to undertake broader "development projects" beyond traditional industrial uses
- Development projects may now include residential housing (homes, apartments, condominiums, hotels), commercial, office, parking, and utility projects within municipal limits
- Boards must adopt a resolution with findings that projects advance public purposes such as job creation, tax base expansion, blight elimination, or workforce housing needs
- Grants authority to issue and sell bonds, make loans, accept contributions from state/county/municipal sources, and finance development project costs
- Effective date: October 1, 2026
Legislative Description
Class 2 municipalities; industrial development boards, powers amended
Counties & Municipalities
Last Action
Read for the Second Time and placed on the Calendar
3/11/2026
Committee Referrals
Mobile County Legislation2/25/2026
Full Bill Text
No bill text available