HB733 Alabama 2012 Session

Summary

Primary Sponsor

Alan Harper

Republican

Co-Sponsors

Thomas JacksonHarry ShiverAlan BakerBarry MaskMike Jones

Session

Regular Session 2012

Title

Commercial development authorities, formation, requirement that incorporator be a natural person or qualified elector remove; Secs. 11-54-171, 11-54-173, 11-54-174, 11-54-178, 11-54-190 am'd

Summary

HB733 would allow commercial development authorities to be formed without requiring incorporators to be natural persons or qualified electors, broadening who can form them.

What This Bill Does

The bill amends several sections to change how commercial development authorities are formed and who can form them, removing the prior requirement that incorporators be natural persons who are qualified electors. The formation process remains: a municipality adopts an authorizing resolution, applicants file an application, and a certificate of incorporation is filed within 40 days with the judge of probate, including required information. The authority would still have broad powers to own, construct, finance, lease, and manage projects, and meetings would remain open to the public; projects are tied to redevelopment or urban renewal areas, and there are rules about how authorities are created relative to existing authorities in the same municipality.

Who It Affects

• Potential incorporators (including entities beyond individual electors) who can form a commercial development authority, increasing flexibility for local development initiatives.
• Municipalities and local governments working with redevelopment or urban renewal projects, as well as residents and businesses affected by projects overseen by the new or expanded authorities.

Key Provisions

• Removes or broadens the requirement that incorporators must be natural persons and qualified electors of the municipality, allowing a wider range of entities to form an authority.
• Maintains the formal formation process: an authorizing resolution by the municipality, filing of an application, and filing of a certificate of incorporation with the judge of probate within 40 days, including specified information.
• Defines and preserves the authority's powers to own, operate, finance, lease, refinance, mortgage, and contract for projects, and to hire staff and procure insurance as needed.
• Projects must be located within redevelopment or urban renewal areas or be connected to urban development actions, maintaining a connection to redevelopment goals.
• All board meetings of the authority must be open to the public.
• If an authority exists under the article in a municipality, generally another authority cannot be formed under the same authority, with an exception allowing certain multi-government or overlapping authorities to be formed regardless of existing ones.

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Public Authorities