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FISCAL NOTE
Senate Bill 252
Committee: Fiscal Responsibility Sponsor: Senator Greg Reed
Analyst: Jennifer Farish Date: 04/16/2024
Senate Bill 252 as reported by the Committee on Fiscal Responsibility 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 a fifteen-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 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.