SB77 Alabama 2011 Session
Signed by Governor
Bill Summary
Sponsors
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
Description
<p class="bill_description"> This bill would provide that if the state
makes a commitment to a company to provide economic
development funds as an incentive to build or
expand in this state, the state and the company
must enter into a written mutually acceptable
contract within five years after the date of the
commitment in order for the commitment to be valid</p><p class="bill_description">
This bill would provide that any commitment
already made by the state where the company and the
state do not enter into a written mutually
acceptable contract within five years after the
date of the commitment or one year after the
effective date of this act is void</p><p class="bill_entitled_an_act"> To provide that if the state makes a commitment to a
company to provide economic development funds, the state and
the company must enter into a written, mutually acceptable
contract within a certain time for the commitment to be valid.
</p>
Subjects
Economic Development
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 28, 2011 | Assigned Act No. 2011-216. | |
| April 28, 2011 | Delivered to Governor at 10:15 a.m. on April 28, 2011 | |
| April 28, 2011 | Enrolled | |
| April 28, 2011 | Signature Requested | |
| April 27, 2011 | Passed Second House | |
| April 27, 2011 | Motion to Read a Third Time and Pass adopted Roll Call 528 | |
| April 27, 2011 | Third Reading Passed | |
| April 6, 2011 | Read for the second time and placed on the calendar | |
| March 24, 2011 | Read for the first time and referred to the House of Representatives committee on Economic Development and Tourism | |
| March 24, 2011 | Motion to Read a Third Time and Pass adopted Roll Call 106 | |
| March 24, 2011 | Third Reading Passed | |
| March 8, 2011 | Read for the second time and placed on the calendar | |
| March 1, 2011 | Read for the first time and referred to the Senate committee on Job Creation and Economic Development |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB77 Alabama 2011 Session - Introduced |
| Bill Text | SB77 Alabama 2011 Session - Enrolled |