SB286INTRODUCED
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AY1U77-1
By Senator Beasley (N & P)
RFD: Local Legislation
First Read: 03-May-23
2023 Regular Session
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6 AY1U77-1 03/24/2023 FC (L)ma 2023-1113
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A BILL
TO BE ENTITLED
AN ACT
Relating to Macon County; to amend Section 45-44-90 of
the Code of Alabama 1975, establishing the Macon County
Economic Development Authority, to further provide for the
operation of the authority; and to authorize the formation of
a successor authority under certain conditions.
BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:
Section 1. Section 45-44-90 of the Code of Alabama
1975, is amended to read as follows:
"ยง45-44-90
(a) In Macon County, there is created the Macon County
Economic Development Authority to aid and assist current
industries and coordinate efforts of all municipal and county
agencies of Macon County, and to aid organizations in the
development of new industries which will provide job
opportunities for the citizens of the county.
(b) The authority created pursuant to Section (a) may
incorporate or reincorporate as an authority pursuant to
Chapter 92A of Title 11. The members of the board of directors
of the newly incorporated or reincorporated authority shall be
the same as the board members provided for in Section
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45-44-90.01, as amended, unless otherwise provided in the
articles of incorporation of the new authority.
(c) Any funds distributed or otherwise available to the
Macon County Economic Development Authority pursuant to this
article or pursuant to Section 45-44-242.12, or otherwise, may
be expended or pledged by the authority, or any successor
authority, by whatever name known, for the purposes of
economic development in Macon County, including for the
purpose of securing and the repayment of loans for economic
development purposes. Any power, privilege, duty, or exemption
granted to any newly incorporated authority or any successor
authority shall not be construed as being inconsistent with,
replace, negate, or otherwise limit any purpose, power, or
source of funds granted to the Macon County Economic
Development Authority. "
Section 2. This act shall become effective immediately
following its passage and approval by the Governor, or its
otherwise becoming law.
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