SB286ENROLLED Page 0 AY1U77-2 By Senator Beasley (N & P) RFD: Local Legislation First Read: 03-May-23 2023 Regular Session 1 2 3 4 5 SB286 EnrolledSB286 Enrolled Page 1 Enrolled, 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 45-44-90.01, as amended. (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 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 SB286 EnrolledSB286 Enrolled Page 2 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. 29 30 31 32 33 34 35 36 37 38 39 SB286 EnrolledSB286 Enrolled Page 3 ________________________________________________ President and Presiding Officer of the Senate ________________________________________________ Speaker of the House of Representatives SB286 Senate 16-May-23 I hereby certify that the within Act originated in and passed the Senate. Patrick Harris, Secretary. House of Representatives Amended and passed: 23-May-23 Senate concurred in House amendment 23-May-23 By: Senator Beasley 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73