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Alabama House Bill HB372

Alabama 2024 Regular Session

Alabama House Bill HB372 Compare Versions

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11 HB372INTRODUCED
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33 HB372
44 KLDEAU5-1
55 By Representatives Shedd, Ledbetter, Stadthagen, Lovvorn
66 RFD: Economic Development and Tourism
77 First Read: 21-Mar-24
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1212 5 KLDEAU5-1 03/20/2024 EBO-DHC EBO JT EBO-2024-26
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1414 First Read: 21-Mar-24
1515 SYNOPSIS:
1616 This bill would create the Alabama Growth
1717 Alliance, a public corporation governed by a board of
1818 public and private leaders. The Alabama Growth Alliance
1919 would be formed to coordinate the development,
2020 tracking, as well as providing input and support for
2121 the creation and maintenance of the state’s long-range
2222 economic development strategy, annual objectives, and
2323 key tactics to achieve the long-range
2424 strategies.
2525 A BILL
2626 TO BE ENTITLED
2727 AN ACT
2828 To add Article 24, commencing with Section 41-10-870,
2929 to Chapter 10, Title 41 of the Code of Alabama 1975; to create
3030 the Alabama Growth Alliance; to provide legislative findings;
3131 to provide for its incorporation; to provide for the creation
3232 of a board; to provide for the powers and duties of the
3333 corporation; to allow the corporation to enter into contracts;
3434 to provide for amendments to the governing documents of the
3535 corporation; and to provide for the dissolution of the
3636 corporation.
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6666 corporation.
6767 BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:
6868 Section 1. This Act shall be known and may be cited as
6969 the Alabama Growth Alliance Act.
7070 Section 2. Article 24, commencing with Section
7171 41-10-870, is added to Chapter 10, Title 41 of the Code of
7272 Alabama 1975, to read as follows:
7373 41-10-870. LEGISLATIVE FINDINGS
7474 The Legislature finds and declares all of the
7575 following:
7676 (1) The State of Alabama has a great need to ensure the
7777 long-term viability of the state’s economic development
7878 successes.
7979 (2) Other states have had significant success in
8080 economic development by involving the private sector in
8181 long-term planning to help identify and fill strategic gaps in
8282 states efforts that are not currently addressed by existing
8383 agencies, ensuring a comprehensive approach to economic growth
8484 and development.
8585 (3) It is believed that by taking advantage of private
8686 sector expertise and support that exists within many chambers
8787 of commerce and other organizations, the state will be able to
8888 develop initiatives more rapidly and efficiently.
8989 (4) By leveraging the strengths of both the public and
9090 private sectors, the state can foster a more collaborative and
9191 efficient approach to economic development, leading to more
9292 innovative and effective solutions.
9393 (5) A public-private partnership can supplement
9494 existing state efforts to focus on the development of
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124124 existing state efforts to focus on the development of
125125 specific, high-growth industries where Alabama has competitive
126126 advantages, ensuring the state becomes a national or global
127127 leader in these sectors.
128128 (6) By focusing on long-range planning, the
129129 public-private partnership can ensure that Alabama’s economic
130130 development efforts are sustainable and forward-thinking, thus
131131 providing stability and predictability for businesses and
132132 investors.
133133 (7) States with proactive economic development
134134 strategies, such as public-private partnerships, can be more
135135 successful in attracting investment. Creation of a similar
136136 model will help give Alabama a competitive edge in the
137137 national and global market, helping to attract significant
138138 business investments.
139139 (8) It is desirable and in the public interest to
140140 establish a public corporation governed by a board of public
141141 and private leaders to be a part of the state’s economic
142142 development strategies designed to sustain and enhance
143143 Alabama’s long-term success, growth, and viability of its
144144 economic development policies.
145145 41-10-871. DEFINITIONS
146146 For the purposes of this article, the following terms
147147 have the following meanings:
148148 (1) BOARD. The governing board of the corporation.
149149 (2) CORPORATION. The Alabama Growth Alliance created by
150150 this article as a public corporation having a legal existence
151151 separate and apart from the state and any county,
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182182 municipality, or political subdivision.
183183 (3) ECONOMIC DEVELOPMENT ENTITY.
184184 a. A nonprofit corporation that possesses all of the
185185 following characteristics:
186186 1. Is organized as a nonprofit corporation exempt from
187187 federal income tax under Section 501(c) of the Internal
188188 Revenue Code of 1986, as amended.
189189 2. Has a record of, or can demonstrate that it is
190190 capable of, serving the entire state on matters involving
191191 economic development.
192192 3. Has a record of, or can demonstrate that it is
193193 capable of, developing, fostering, and implementing economic
194194 development policies and strategies across Alabama.
195195 4. Has received, or is eligible to receive, grant
196196 funding from the state or from federal or private sources.
197197 b. In determining whether a nonprofit corporation
198198 qualifies as an economic development entity, the board may
199199 attribute to the nonprofit corporation the experiences of its
200200 officers, staff, and directors with other nonprofit
201201 corporations.
202202 41-10-872. INCORPORATION OF GROWTH ALLIANCE
203203 (a) The Governor, the Speaker of the House of
204204 Representatives, and the President Pro Tempore of the Senate
205205 shall present to the Secretary of State an application, signed
206206 by each of them, for the formation of the Alabama Growth
207207 Alliance, as a public corporation, having a legal existence
208208 separate and apart from the state and any county,
209209 municipality, or political subdivision, which shall set forth
210210 all of the following:
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240240 all of the following:
241241 (1) The name, office, and office location of each of
242242 the applicants.
243243 (2) The date on which each applicant was sworn into
244244 office for his or her current term of office.
245245 (3) The name of the proposed public corporation, which
246246 shall be the Alabama Growth Alliance.
247247 (4) The location of the principal office of the
248248 proposed corporation.
249249 (5) Provisions requiring the board to support the
250250 Department of Commerce in the development of a recommended
251251 annual strategic economic development plan for the state and
252252 standards of measure to be used in measuring the corporation’s
253253 achievements in executing the plan.
254254 (6) Provisions requiring the board to review the
255255 state’s primary economic development incentives on a biennial
256256 basis and reviewing the effectiveness of the incentives to
257257 create jobs, attract new business, encourage existing business
258258 expansions, and achieve other goals as may be determined by
259259 the board.
260260 (7) Any other matter relating to the corporation that
261261 the applicants may choose to insert and that is not
262262 inconsistent with this article or state law.
263263 (b) The application shall be subscribed and sworn to by
264264 each applicant before a notary public. The Secretary of State
265265 shall examine the application, and, if he or she finds that
266266 the application substantially complies with the requirements
267267 of this section, the application shall be filed and recorded
268268 in an appropriate book of records in the office of the
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298298 in an appropriate book of records in the office of the
299299 Secretary of State.
300300 (c) When the application has been made, filed, and
301301 recorded as provided in subsection (b), the applicants shall
302302 constitute a public corporation under the name stated in the
303303 application, and the Secretary of State shall make and issue
304304 to the applicants a certificate of incorporation pursuant to
305305 this article, under the Great Seal of the State, and shall
306306 record the certificate with the application. There shall be no
307307 fees paid to the Secretary of State for any filing made by the
308308 corporation pursuant to this article.
309309 (d) Notwithstanding any provision of law to the
310310 contrary, any corporation incorporated pursuant to this
311311 section shall not be deemed to be a part of the state for any
312312 purpose but shall be treated as a public corporation separate
313313 and apart from the state.
314314 41-10-873. BOARD OF GROWTH ALLIANCE
315315 (a) The corporation shall be under the management and
316316 control of a board of directors, and all powers necessary or
317317 appropriate for the management and control of the corporation
318318 shall be vested solely in the board. The board shall be
319319 comprised of both ex officio members and at-large members, all
320320 of whom shall be voting members of the board and shall be
321321 considered in determining whether a quorum is present.
322322 (b) The board shall have eleven members as follows:
323323 (1) Five ex officio members, consisting of the
324324 Governor, who shall be the chair, the Secretary of Commerce,
325325 who shall be the co-chair, the Speaker of the House of
326326 Representatives, the President Pro Tempore of the Senate, and
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356356 Representatives, the President Pro Tempore of the Senate, and
357357 the chair of Innovate Alabama. The service of each ex officio
358358 member shall run concurrently with his or her tenure in office
359359 or position. Each ex officio member may appoint a person to
360360 serve in his or her place at any meeting of the board or may
361361 designate a person to serve in his or her place at all
362362 meetings of the board until the term of the ex officio member
363363 should end. The appointee or designee shall be counted for
364364 purposes of a quorum and voting. Each ex officio member may
365365 withdraw the appointment or designation of his or her
366366 appointee or designee at any time.
367367 (2) The Governor shall appoint six at-large members,
368368 who shall each be persons in the private sector with
369369 experience relevant to the purposes and activities of the
370370 corporation including, but not limited to, experience with any
371371 of the following:
372372 a. Participating on boards of, or being employed by,
373373 nonprofit corporations which promote economic development
374374 throughout the state.
375375 b. Having other experience relevant to statewide,
376376 long-term economic development strategies including, but not
377377 limited to, any of the following:
378378 1. Performing enhanced, coordinated research to
379379 identify targeted growth sectors.
380380 2. Identifying sites for economic development and
381381 successfully marketing the sites for major business site
382382 selection opportunities.
383383 3. Developing assessments of key issues impacting the
384384 growth of Alabama’s existing business and industry, along with
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414414 growth of Alabama’s existing business and industry, along with
415415 strategies to address challenges and pursue opportunities.
416416 (c) In making appointments of at-large members, the
417417 Governor shall coordinate his or her appointments so that
418418 diversity of gender, race, and geographical areas of the board
419419 of directors is reflective of the makeup of the state.
420420 (d)(1) The service of each at-large member shall begin
421421 upon written acceptance of his or her appointment. Each member
422422 shall serve a term of two years following such written
423423 acceptance.
424424 (2) Each at-large member shall continue to serve until
425425 the member is reappointed, or a successor is appointed, to the
426426 office.
427427 (3) An at-large member may only serve a maximum of two
428428 consecutive terms of office but may be reappointed after he or
429429 she has spent at least two years without serving as an
430430 at-large member.
431431 (4) An at-large member may be removed by the Governor
432432 for any reason, at which time the Governor shall appoint a
433433 different person to serve.
434434 (5) A person appointed to fill a vacancy shall serve
435435 the remainder of the unexpired term and may be reappointed to
436436 serve an additional term.
437437 (e) No member shall receive compensation because of his
438438 or her service as a member. Each member may be reimbursed for
439439 actual and reasonable travel expenses incurred in the
440440 performance of his or her duties as a member.
441441 (f) A majority of the members shall constitute a quorum
442442 for the transaction of business by the board, and decisions
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472472 for the transaction of business by the board, and decisions
473473 shall be made on the basis of a majority of the quorum then
474474 present and voting. No vacancy in the membership of the board
475475 or the voluntary disqualification or abstention of any member
476476 shall impair the right of a quorum to exercise all of the
477477 powers and duties of the board. Members of the board may
478478 participate in meetings of the board in person, by means of
479479 telephone conference, video conference, or other similar
480480 communications equipment, so that all individuals
481481 participating in the meeting may hear each other at the same
482482 time. Participation by any such means shall constitute
483483 presence in person at a meeting for all purposes, including
484484 for purposes of establishing a quorum. The board shall be
485485 subject to Chapter 25A of Title 36; provided, that in addition
486486 to the reasons set forth in Section 36-25A-7, the board may go
487487 into executive session to discuss sensitive matters the
488488 disclosure of which would undermine or jeopardize economic
489489 development, trade, or the objectives of the corporation.
490490 (g) Any action required by this article to be taken at
491491 a meeting of the board of directors of the corporation or any
492492 action which may be taken at a meeting of the board of
493493 directors or of a committee of the board of directors may be
494494 taken without a meeting if a consent in writing, setting forth
495495 the action so taken, is signed, either electronically or by
496496 hand, by all of the directors or all of the members of the
497497 committee of directors, as the case may be.
498498 (h) The board may appoint other officers to perform
499499 duties not inconsistent with this article or applicable law,
500500 as the board deems necessary or appropriate.
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530530 as the board deems necessary or appropriate.
531531 (i) In addition to regular meetings of the board, as
532532 may be provided by law or by bylaws adopted by the board,
533533 special meetings of the board may be called by the chair
534534 acting alone or by any three other members acting in concert,
535535 in each case upon notice to each member given in person, by
536536 email, by registered letter, or by other means. Notice to each
537537 member may be waived upon the unanimous written consent of all
538538 members, either before or after the meeting with respect to
539539 which the notice would otherwise be required.
540540 (j) Minutes of all board meetings shall be kept and
541541 maintained in the records of the corporation.
542542 41-10-874. POWERS OF GROWTH ALLIANCE
543543 (a) The board shall have all of the powers necessary to
544544 carry out and effectuate the purposes of this article
545545 including the following powers:
546546 (1) Provide input and support on the development,
547547 monitoring, and updating of the long-range economic
548548 development vision and strategies of the state.
549549 (2) Support the development and implementation of
550550 objectives and key tactics to achieve the long-range economic
551551 development vision and strategies of the state.
552552 (3) Identify opportunities and make recommendations to
553553 the Governor regarding the coordination of economic
554554 development efforts between state agencies, private
555555 organizations, and other economic development entities and
556556 stakeholders.
557557 (4) Provide input and support related to the
558558 establishment of a communication plan to ensure key
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588588 establishment of a communication plan to ensure key
589589 stakeholders are periodically informed on economic development
590590 progress and results.
591591 (5) Provide input and support in regards to biennially
592592 measuring the effectiveness of key economic development
593593 incentives, which shall include, but not be limited to, the
594594 Alabama Jobs Act, the Growing Alabama Act, the Innovating
595595 Alabama Act, the Site Evaluation Economic Development
596596 Strategy, and the Tax Incentive Reform Act of 1992.
597597 (6) Provide input on and support to implement the
598598 following economic development objectives:
599599 a. Increasing private investment in Alabama.
600600 b. Advancing international and domestic trade
601601 opportunities.
602602 c. Marketing the state as a pro-economic growth
603603 location for new investment.
604604 d. Revitalizing, retaining, and expanding Alabama’s
605605 manufacturing industries, and promoting emerging complementary
606606 industries.
607607 e. Assisting, promoting, and enhancing economic
608608 opportunities in the state’s rural communities.
609609 f. Promoting opportunities for minority-owned
610610 businesses.
611611 g. Identifying economic growth opportunities in
612612 emerging sectors.
613613 (7) Adopt, alter, and repeal bylaws for the regulation
614614 and conduct of the corporation’s affairs and business, and for
615615 the implementation of this article.
616616 (8) Make and enter into contracts, leases, and
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646646 (8) Make and enter into contracts, leases, and
647647 agreements, and take other actions as may in its judgment be
648648 necessary or desirable to accomplish the purposes of the
649649 corporation and to exercise any power necessary for the
650650 accomplishment of the purposes of the corporation or
651651 incidental to the powers expressly set forth in this article.
652652 (9) Appoint, employ, and contract with employees,
653653 agents, advisors, consultants, and service providers
654654 including, but not limited to, attorneys, accountants,
655655 financial experts, and other advisors, consultants, and agents
656656 as may in its judgment be necessary or desirable to accomplish
657657 any purpose of the corporation or incidental to the powers
658658 expressly set forth in this article, and to fix the
659659 compensation of those persons.
660660 (10) Manage, invest, and expend funds at its disposal.
661661 (11) Lend its credit to, or grant monies and things of
662662 value in aid of or to, any individual, firm, corporation, or
663663 other business entity, public or private, as may in its
664664 judgment be necessary or desirable to accomplish any purpose
665665 of the corporation or incidental to the powers expressly set
666666 forth in this article.
667667 (12) Take any action necessary to exercise its rights
668668 or fulfill its obligations relevant to the corporation under
669669 state law.
670670 (13) In addition to the foregoing, the board shall have
671671 all of the powers necessary to carry out and effectuate the
672672 purposes of this article; provided that nothing in this
673673 article shall be construed to authorize the board to exercise
674674 any power conferred by law on any agency, department, office,
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704704 any power conferred by law on any agency, department, office,
705705 or other instrumentality of state government. The powers set
706706 forth in this section shall be construed broadly, so that the
707707 failure to state a power of the board shall not be considered
708708 a limitation upon the board, so long as the board shall find
709709 that the power is necessary to allow the board to fulfill the
710710 purpose of the corporation, as provided by this article. In
711711 the event that the board should determine to add one or more
712712 powers to effectuate this article, they may do so by amending
713713 their application of incorporation.
714714 (b) The board may enter into agreements with one or
715715 more economic development entities to exercise any powers of
716716 the corporation, if the agreement does both of the following:
717717 (1) Requires regular reporting to the corporation by
718718 the economic development entity.
719719 (2) Allows for the reasonable costs of the economic
720720 development entity to be reimbursed or otherwise paid only if
721721 directly related to the fulfillment of the agreement, as
722722 determined by the corporation.
723723 (c) The board may make, enter into, and execute
724724 contracts, agreements, and other instruments with, accept aid
725725 and grants from, and cooperate with, any other person or
726726 entity including, but not limited to, all of the following:
727727 (1) The United States of America, the state, or any
728728 agency, instrumentality, or political subdivision of either.
729729 (2) For profit or nonprofit private entities.
730730 (3) Public bodies, departments, or authorities
731731 including, but not limited to, the executive departments of
732732 the state, to act on behalf of the board in carrying out
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762762 the state, to act on behalf of the board in carrying out
763763 functions which the board determines are consistent with the
764764 corporation's powers.
765765 (d) The corporation shall be, and shall operate as, a
766766 public corporation and shall have a legal existence separate
767767 and apart from the state and any county, municipality, or
768768 political subdivision.
769769 41-10-875. GROWTH ALLIANCE CONTRACTS
770770 The board may enter into contracts, leases, agreements,
771771 investments, and may otherwise expend monies without
772772 compliance with Article 5, commencing with Section 41-4-110,
773773 of Chapter 4 of Title 41, and Chapter 2 of Title 39. Solely as
774774 a result of entering into contracts, leases, agreements,
775775 investments, or otherwise, no for-profit or nonprofit private
776776 entity, nor the officers, employees, agents, or directors of
777777 any of the foregoing, shall become subject to Chapter 25 or
778778 Chapter 25A of Title 36; Article 5, commencing with Section
779779 41-4-110, of Chapter 4 of Title 41; Chapter 2 of Title 39; or
780780 Article 3, commencing with Section 36-12-40, of Chapter 12 of
781781 Title 36.
782782 41-10-876. AMENDMENTS
783783 At any time, the board, by majority vote, may cause its
784784 application for formation to be amended by having five of its
785785 members file an amendment with the Secretary of State, which
786786 shall be sworn to by each signatory thereto before a notary
787787 public.
788788 41-10-877. DISSOLUTION
789789 At any time, the board, by at least three-quarters
790790 vote, may dissolve the corporation by having at least
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820820 vote, may dissolve the corporation by having at least
821821 three-quarters of its members file with the Secretary of State
822822 an application for dissolution, which shall be sworn to by
823823 each signatory thereto by a notary public. Upon the filing of
824824 the application for dissolution, the corporation shall cease
825825 to exist. The Secretary of State shall file and record the
826826 application for dissolution, and shall make and issue, under
827827 the Great Seal of the State, a certificate that the
828828 corporation is dissolved, and shall record the certificate
829829 with the application for dissolution. Title to all property
830830 held in the name of the corporation shall be vested in the
831831 state upon dissolution of the corporation.
832832 41-10-878. REPORT TO LEGISLATURE
833833 Prior to each legislative session beginning in 2026,
834834 the corporation shall submit an annual report to the
835835 Legislature detailing the corporation’s efforts to accomplish
836836 the goals pursuant to this article.
837837 Section 3. This act shall become effective October 1,
838838 2024, following its passage and approval by the Governor, or
839839 its otherwise becoming law.
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