SB 168 — Municipalities, commercial development authorities, project defined to include single commercial enterprises

but not limited to.

the following:

Any air pollution control facility.

noise abatement, or reduction facility, water management facility.

water purification facility.

waste water collecting system.

waste water treatment works.

or solid waste disposal facility.

Any land and any building or other improvement thereon and all real and personal properties deemed necessary in connection therewith, whether or not now in existence.existence, which shall be suitable for use by the following or by any combination of two or more of the following:

which shall be suitable for use by the following or by any combination of two or more of the following:

Any commercial enterprise engaged in the manufacturing.manufacturing, processing, assembling, storing, warehousing, distributing, or selling of any products of agriculture, mining, or industry.

processing.

assembling.

storing, warehousing.

distributing, or selling of any products of agriculcure.

mining.

or industry.

Any enterprise for rhethe purpose of research in Page 3 SB168 Enrolled connection with:

(ii) The development of new producesproducts or new processes.

(iii) The improvement of existing products or known processesprocesses. .

(iv) The development of facilities for the exploration of outer space -oror promotion of the national defense.

Any commercial enterprise engaged in selling, servicing, providing, or handling any policies of insurance or anvany financial services.

95 b.

Any land and any building or other improvement thereon and all real and personal property deemed necessary in connection therewith.therewith, whether or not now in existence, which shall be suitable for use as all or any part of the following:

whether or not now in existence, which shall be suitable for use as ail or any part of the following:

A ship canal, port or port facility, off-street parking facility, dock or dock facility, harbor facility.facility, railroad, monorail or tramway, railway terminal or railway belt line and switch.

railroad.

monorail or tramway.

railway terminal or railway belt line and switch.

A hotel.hotel, including parking facilities, facilities for meetings, and facilities suitable for rental to persons engaged in any business, trade, profession, occupation, or activity.

including parking facilities.

facilities for meetings.

and facilities suitable for rental to persons engaged in any business.

trade , profession, occupation, or activity .

.AA shopping center or si.milarsimilar facility suitable for use by two or more commercial enterprises engaged in any business, trade, profession, occupation, or activity.activity, Page 4 SB168 Enrolled provided, that a project shall not include facilities, other than office buildings or other buildings suitable for use as corporate headquarters, designed for the sale or distribution to the public of electricity, gas, water, or telephone, or other services commonly classified as public utilities.

Page 4 SB168 Enrolled provided, that a project shall not include facilities, other than office buildings or other buildings suitable for use as corporate headquarters, designed for the sale or distribution to the public of electricity.

gas , water.

or telephone, or other services commonly classified as public utilities.

A single commercial enterprise engaged in any business.business, trade, profession, occupation, or activity including, but not limited to, retail, restaurant, professional office, or other commercial enterprises deemed beneficial for job creation, workforce development, financial investment, and other beneficial purposes identified in the redevelopment plan of the authority.

trade, profession, occupation, or activity including, but not limited to.

retail.

restaurant , professional office, or other commercial enterprises deemed beneficial for job creation.

workforce development.

financial investment.

and other beneficial purposes identified in the redevelopment plan of the authority.

Section 41-10-4/.0441-10-47.04 of the Code of Alabama 1975, is amended to read as follows:

"§41-10-47.04 (a) A.nylocalAny local economic development organization may apply to the authority for a site develop.mentdevelopment grant.

(b) Before making a site development grant.grant, the authority shall make both of the following findings:

the(1) authorityThe shallsite makeis bothcomprised of at least 75 contiguous acres, provided that in addition to the following75 findings:contiguous acres, other proximate but noncontiguous property may be a part of the site.

(1)(2) The siteapplication isincludes comprisedproof ofthat atthe leastgrant 75funds contiguousthat acres,are providedapproved thatby inthe additionauthority towill be matched by funds on hand with, or contingently committed to, the 75applicant contiguoussuch acres.that one of the following is true:

otherPage proximate5 butSB168 noncontiguousEnrolled propertya. may be a part of the site.

(2)If Thethe application,site includesis prooflocated thatin thea granttargeted fundscounty thatwith area approvedpopulation byof less than 12,000, for every dollar of grant funds, the authorityapplicant will becontribute matchedtwenty-five bycents funds($0.25) onof handadditional with.funds.

or contingently committed to, the applicant such that one of the following is true:

Page 5 SB168 E nrolled a .

If the sits is located in a targeted county wish a population of less than 12,000, for every dollar of grant funds, the applicant will contribute twenty-five cents (SO.25) of additional funds .

If the site is located in a targeted county with a population of 12,000 or greater but less chanthan 60,000, for 147' every dollar of grant -funds,funds, the appiicancapplicant will contribute fifty cents ($0.50) of.additionalof additional funds.

cc. .

If the site is located in a county with a population of 60,000 or greater but less than 150,000, for evervevery dollar of grant funds, the applicant will contribute seventy-five cents ($0.75) of additional funds.

the applicant will contribute seventy-five cents ($0.75) of additional funds.

If the site is located in a county with a population.population of 150,000 or greater, for every dollar of grant funds, the applicant will contribute one dollar ($1) of additional funds.

of(c) 150,000The orauthority greater.may impose additional requirements with regard to the sites, including, but not limited to, environmental and geotechnical matters, as well as utility related and transportation related issues.

for every dollar of grant funds, the applicant will contribute one dollar ($1) of additional funds.

(c) The authority may impose additional requirements with regard to the sites.

including, but not limited tc.

environmental and geotechnical matters.

as well as utility related and transportation related issues.

(e) A commercial development authority project as defined in Section 11-34-111-54-171(16)b.(7) /I(16)b.shall not be eligible for a site development grant unless the proposed use of the site is to conduct a predominant activity described in Section 40-18-372(1).

(7)(f) shallThe notintent beof eligiblethis forsection ais to allow the Page 6 SB168 Enrolled authority to provide funds for site development grantconsistent unlesswith the proposedauthority’s useexisting ofpowers theto sitefinance isor topay conductfor a“project predominantcosts” activityas describedthat term is defined in Section 40-13-37241-10-44.2(7), (1).including, without limitation, site acquisition.

(f)This Thesubsection intent of this section is todeclaratory allovzof the PageLegislature’s 6intent SB168in Enrolledoriginally authorityenacting tothis providearticle fundsand forapplies siteretroactively developmentto consistent with the authority'soriginal existingeffective powersdate coof financethis orarticle." pay.for "project costs" as that term is defined in Section 41-10-44.2(7),3. including, without limitation.

siteThis acquisition.act shall become effective on October 1, 2024.

ThisPage subsection7 isSB168 declaratoryEnrolled ________________________________________________ President and Presiding Officer of the Legislature'sSenate intent________________________________________________ inSpeaker originallyof enactingthe thisHouse articleof andRepresentatives appliesSB168 retroactivelySenate to19-Mar-24 I hereby certify that the originalwithin effectiveAct d'ateoforiginated thisin articleand .’passed Sectionthe 3.Senate.

ThisPatrick actHarris, shallSecretary. become effective on October 1, 2024 .

Page 7 SB168 Enrolled President and Presiding Offi>*e of the Senate r \ n -TO / Speaker of the house of Representatives S3168 Senate 19-Mar-24 I hereby certify that the within Act originated in and passed the Senate .

Patrick Harris, Secretary .

i6-Apr-2416-Apr-24 Senate concurred in House amendment 18-Apr-24 By:

Senator Weaver APPROVEDPage TIME8 GOVEl ■frlabaSecretary OfState fi tNud....:£024-99 Bill Num..:

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