HB249 Alabama 2011 Session
Summary
- Primary Sponsor
-
Alan HarperRepublican - Session
- Regular Session 2011
- Title
- Industrial Development Authority, requirement that fair market value must be received for transfers of land owned by authority, removed, Sec. 41-10-27 am'd.
- Description
Under existing law, the State Industrial Development Authority may provide grant funds to a grantee, as defined in Section 41-10-20, Code of Alabama 1975, whereby no person, as defined in Section 41-10-20, Code of Alabama 1975, has received or will receive an option to purchase the industrial site or any part thereof from the grantee for less than fair market value of such site.
This bill would remove the requirement that a grantee must receive at least fair market value for any site with respect to which a grant is made.
- Subjects
- Industrial Development Authority
Bill Actions
Harper motion to Indefinitely Postpone adopted Voice Vote
Harper motion to Substitute a SB76 for HB249 adopted Voice Vote
Third Reading Indefinitely Postponed
Read for the second time and placed on the calendar
Read for the first time and referred to the House of Representatives committee on Economic Development and Tourism
Bill Text
Documents
Source: Alabama Legislature