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FISCAL NOTE
Senate Bill 252
Committee: Fiscal Responsibility & Economic DevelopmentSponsor: Senator Greg Reed
Analyst: Jennifer Farish Date: 04/03/2024
Senate Bill 252 as reported by the Committee on Fiscal Responsibility and Economic
Development would establish the "Alabama Growth Alliance" as a public corporation, to
coordinate the creation and maintenance of the state's long-range economic development
strategy, governed by an eleven-member board of public and private leaders who would serve
without compensation but could be reimbursed for actual and reasonable travel expenses, which
could increase the obligation of the Alliance by an estimated $2,000 per meeting.
This bill could further increase the obligation of the Alliance by an undetermined amount
dependent on: 1) the compensation of employees of the Alliance; 2) any monies granted or
lended to certain entities; and 3) any other actions taken to fulfill the obligations of the Alliance.
This bill would also allow the Alliance to contract with and accept funds from certain entities
and would exempt the Alliance from state procurement and bid law.