40-18-377
Section 40-18-377 Project agreements forwarded to Department of Revenue; incentives not deemed securities. (a) After its execution, the Department of Commerce shall forward to the Department of Revenue a copy of any project agreement that allows an incentivized company to claim a jobs act incentive. (b) Jobs act incentives shall not be considered securities under Section 8-6-2(10). (Act 2015-27, §3.)...
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29-2-3
Section 29-2-3 Meetings; chair and vice-chair; quorum; replacement members; clerical assistance. The Joint Transportation Committee shall meet the fourth Wednesday of January, April, July, and October at 1:30 p.m. at the Alabama State House. At the second quarterly meeting of each year, the Joint Transportation Committee shall elect from its membership a chair and vice-chair which shall rotate between members from the House and Senate. Special meetings of the Joint Transportation Committee may be called by the chair by giving members of the committee 14 days notice when the Legislature is out of session, and 24 hours notice if a meeting is called on a legislative day or legislative committee day. Special meetings may also be called by petition of a majority of the members of the committee that includes the date and time of the meeting and all members are given 24 hours notice. Decisions of the Joint Transportation Committee may be made by a majority of the members present and voting at...
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36-25-1.3
Section 36-25-1.3 Economic development professionals. (a) Notwithstanding any provision of law, including, but not limited to, this chapter, an individual acting as an economic development professional is not a lobbyist, unless and until he or she seeks incentives through legislative action in the Legislature, that are above and beyond, or in addition to, the then current statutory or constitutional authorization. (b) For purposes of this section, an economic development professional is an individual seeking to advance specific, good faith economic development or trade promotion projects or related objectives for a business, chamber of commerce or similar nonprofit economic development organization in the State of Alabama, a city, a county, a political subdivision of the state, or a governmental corporation or authority. (c) For the purposes of this section, the term economic development professional does not include elected officials, legislators, nor any former legislator within two...
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40-18-411
Section 40-18-411 (Per Section 40-18-416, this section is repealed following the close of fiscal year 2020) Applications. (a) (1) A local economic development organization which owns a site may apply to the Department of Commerce for funding to solve an inadequacy involving the site. The application by the local economic development organization shall include at least one of the following: a. If there is a pending expression of interest about the site from an industry or business, a list of the site preparation or public infrastructure work needed to make the site acceptable to the industry or business. b. If the site has been offered to one or more industries or businesses but the offer did not result in the industry or business locating on the site, a list of the site preparation or public infrastructure work which, if it had been completed, would have made the site acceptable to the industries or businesses. c. If the site is an industrial or research park which needs connections to...
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36-25-1.2
Section 36-25-1.2 (Repealed by Act 2018-541, §3(e), effective April 1, 2019) Economic development professionals. (a) Notwithstanding any provision of law, including, but not limited to, this chapter, a person acting as an economic development professional is not a lobbyist, unless and until he or she seeks incentives through legislative action, or is seeking funds over which a legislator or legislative delegation has discretionary control, that are above and beyond, or in addition to, the then current statutory or constitutional authorization. (b) For purposes of this section, an economic development professional is a person employed to advance specific, good faith economic development or trade promotion projects or related objectives for his or her employer, a professional services entity, or a chamber of commerce or similar nonprofit economic development organization in the State of Alabama. (c) For the purposes of this section, the term economic development professional does not...
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29-2-41
a meeting of the committee, which shall be paid out of the funds appropriated to the use of the Legislature, on warrants drawn on the state Comptroller upon requisition signed by the committee's chair. Members shall not receive additional compensation or per diem when the Legislature is in session. The Department of Examiners of Public Accounts shall furnish assistance and any relevant information to the committee. The committee shall have the responsibility of reviewing contracts for personal or professional services with private entities or individuals to be paid out of appropriated funds, federal or state, on a state warrant issued as recompense for those services. Each state department entering into a contract to be paid out of appropriated funds, federal or state, on a state warrant which is notified by the committee is required to submit to the committee any proposed contract for personal or professional services. Each contract shall be accompanied by an itemization of the...
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11-85-109
Section 11-85-109 Administrative and recordkeeping functions of authority. (a) The Alabama Department of Economic and Community Affairs (ADECA) Planning and Economic Development Division shall perform the centralized administrative and recordkeeping functions for the authority. ADECA shall ensure that grantees utilize their allocations of grant monies efficiently and effectively as revolving loan funds, pursuant to Sections 41-23-50 and 41-23-51. The grantees shall provide to ADECA all information regarding the disbursements of revolving loan funds, terms and conditions of the revolving loans that are approved, jobs created, and other information deemed necessary by the authority to assess the respective revolving loan programs of the grantees. ADECA shall cause programmatic audits to be conducted on the utilization of revolving loan funds by grantees upon the request of the authority. ADECA shall recommend to the Regional Revolving Loan Policy Committee, defined in Section 41-23-51 a...
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24-10-2
Section 24-10-2 Definitions. When used in this chapter, the following words shall have the following meanings: (1) ADVISORY COMMITTEE. The Alabama Housing Trust Fund Advisory Committee. (2) ALABAMA DEPARTMENT OF ECONOMIC AND COMMUNITY AFFAIRS (ADECA). As established by Section 41-23-1. (3) ALABAMA HOUSING TRUST FUND. The trust fund created pursuant to Section 24-10-4. (4) SIXTY PERCENT OF MEDIAN FAMILY INCOME. A person or persons living together whose annual income or incomes do not exceed 60 percent of the median family income of a geographic area, as determined by the U.S. Department of Housing and Urban Development, with adjustments for smaller and larger families. (Act 2012-384, p. 1015, §2.)...
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40-1-50
Section 40-1-50 Reporting requirements of state agencies administering economic tax incentives. (a) For the purpose of this section, the term economic tax incentive shall mean any tax credits, deductions, exemptions, abatements, preferential rates, or rebates given as an economic incentive. For the purpose of this section, the term economic incentive shall mean an inducement provided by the government, where the government promises to forgo tax revenues to which it is otherwise entitled or to provide some other benefit to an individual or an entity and in exchange the individual or entity promises to take specific action that contributes to economic development. In order for the Legislature to get accurate and complete information regarding the costs and benefits of economic tax incentives, each state agency that administers an economic tax incentive shall annually report the information required herein to the Legislature. (b) The head of each state agency that administers any economic...
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41-10-590
Section 41-10-590 Legislative findings. The Legislature finds and declares the following: That the State of Alabama places a high priority on the recruitment of industries to locate or expand their operations in Alabama; that it is a vital economic development tool for the state to be able to offer strategic incentives to such industries in the form of limited financial commitments; that the Alabama Incentives Financing Authority has heretofore been created for the purpose of funding such financial commitments made prior to July 20, 1995; and that by the passage of Act 99-198 of the 1999 Regular Session it is the intention of the Legislature to enable the authority to meet commitments made by the state to industries committing to locate or expand in the state after such date and, further, to enable the authority to lease or convey title to worker training facilities to the Alabama Public School and College Authority and to the Alabama Industrial Development Training Institute. The...
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