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AL SB369
Bill
AI Summary
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Establishes the Lauderdale County Economic Development Authority as a public corporation to promote industrial, commercial, and economic development in the county
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Creates the Lauderdale County Economic Development Authority Fund to receive and disburse money for economic development projects and activities
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Authorizes the Lauderdale County Commission to levy an additional sales and use tax to fund economic development initiatives
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Grants the authority powers to acquire property, issue bonds, make loans, and enter contracts to support business recruitment and expansion
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Revenue generated from the additional tax would be deposited into the Economic Development Authority Fund for approved projects
Legislative Description
Lauderdale County; Economic Development Authority and Economic Development Authority Fund established, county commission authorized to levy additional sales and use tax
Lauderdale County
Last Action
Pending House Local Legislation
3/31/2026