SB11 Alabama 2015 2nd Special Session

Updated Feb 26, 2026

Notable

Summary

Primary Sponsor: Vivian Davis FiguresSenator
Democrat
Session: Second Special Session 2015
Title: Class 2 municipalities (Mobile), redevelopment authorities, establishment for financing redevelopment projects under certain conditions, issuance of bonds, tax exempt status, Secs. 11-54C-1 to 11-54C-25, inclusive, added
Summary: SB11 creates Redevelopment Authorities in Class 2 municipalities (including Mobile) to finance and manage redevelopment projects in designated development areas aimed at revitalizing blighted or distressed neighborhoods.
What This Bill Does
The bill adds Chapter 54C to Title 11 to authorize redevelopment authorities as public corporations within Class 2 municipalities. These authorities can own, finance, construct, lease, and manage redevelopment projects in development areas, using bond proceeds and other funds, with bonds payable only from the authority's revenues. The authorities and their property enjoy state tax exemptions, and the city is not liable for their debts; the bill also sets governance rules, oversight, and procedures for financing and property transactions. It also allows cities and other political subdivisions to assist the authority with funding or property and requires public hearings before using tax revenues.

Who It Affects
Class 2 municipalities (e.g., Mobile) – may establish Redevelopment Authorities, appoint board members, issue bonds, and undertake redevelopment projects without creating city debt liability.
Residents and property owners in development areas – potential benefits from revitalization and redevelopment, and possible financial arrangements such as in-lieu-of-taxes or lease-based projects; subject to project decisions and approvals by the authority.

Key Provisions
Establishes Redevelopment Authorities in Class 2 municipalities to finance and redevelop the central business district and nearby areas within five miles to reduce blight and boost housing, commerce, and industry.
Authorizes bonding and financing powers, including issuing bonds payable from the authority's revenues and securing them with project assets and revenues; allows refinancing and related indebtedness.
Provides tax exemptions for the authority, its property, and its bonds; allows in-lieu-of-taxes arrangements for lessees with required city action per project.
Creates an 11-member board (8 chosen by the city council, 3 by the mayor; one council member may serve ex officio) with defined terms and qualifications; outlines officer roles and oversight.
Defines development area and project scope, requires public hearings on tax revenue expenditures, and establishes dissolution processes and transfer of property to the city when the authority has no outstanding obligations.

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.
Subjects: Class 2 Municipalities