SB77 Alabama 2011 Session

Updated Feb 27, 2026

Notable

Summary

Primary Sponsor: Del Marsh
Republican
Session: Regular Session 2011
Title: Economic development, financial commitments to build or expand in Alabama, written contracts required within certain time period, existing commitments without written contract void after certain period of time
Summary: Requires that any state commitment to provide economic development funds must be documented in a written contract within five years, or the commitment is invalid.
What This Bill Does
If the state offers economic development funds as an incentive, the state and the company must sign a written, mutually acceptable contract within five years for the commitment to be valid. For commitments made before this act, if there is no written contract by five years from the commitment date (or one year after this act’s effective date, whichever is later), the commitment becomes void. The act takes effect immediately after it is passed and approved.

Who It Affects
Alabama state government and its agencies – must ensure a written contract is in place within five years for any economic development funding commitment.
Companies receiving or being considered for economic development incentives – must negotiate and sign a written contract within five years for the commitment to be valid.

Key Provisions
Any state commitment to provide economic development funds must be accompanied by a mutually acceptable written contract within five years for the commitment to be valid.
Commitments made before the act that lack a written contract become void five years after the commitment date or one year after the act’s effective date, whichever is later.
The act becomes effective immediately upon passage and approval by the Governor.
The requirement applies to commitments both made after and before the effective date, establishing a deadline to formalize agreements in writing.

AI-generated summary using openai/gpt-5-nano on Feb 25, 2026. May contain errors — refer to the official bill text for accuracy.
Subjects: Economic Development