Bill > SB289

This bill amends the Growing Alabama Act to allow sites owned by more than one local economic development organization (an organization focused on improving a community or region, often a non-profit like a municipality or chamber of commerce) to qualify for funding. Previously, sites had to be owned by a single local economic development organization. Now, if a site is jointly owned, all owners must submit a single application as co-applicants, and they will be jointly and severally liable for the proper use of funds and reporting. The bill also clarifies that applications for funding can be made for capital improvements or economic development activities at inland ports or intermodal facilities (facilities connecting different modes of transport like rail, road, or air) and for agricultural centers, provided specific economic impact reports are included. The act will take effect on June 1, 2026.

Budget and Finance, Business and Industry

https://alison.legislature.state.al.us/bill-search