SB241 Alabama 2017 Session

Summary

Primary Sponsor

Arthur OrrSenator

Republican

Session

Regular Session 2017

Title

Industrial Access Fund, roads, expanded to include use for access to military property and for non-industrial sites, Sec. 23-6-1 am'd.

Summary

SB241 expands Alabama's Industrial Access Fund to cover road and bridge costs for access to active military property and certain nonindustrial development sites that create a specified number of full-time jobs.

What This Bill Does

It amends Section 23-6-1 to broaden eligible uses of the fund to include costs for access to active military installations or property used mainly for military purposes, as well as nonindustrial development sites that provide a specified number of full-time jobs. It broadens the definition of Industrial Access Roads and Bridges to include planning, design, and construction of roads and bridges providing access to these sites, including necessary right-of-way and utility work as allowed by state law. It clarifies the fund's investment framework with permitted investments and related requirements. The act becomes effective on the first day of the third month after passage and approval.

Who It Affects

• Industrial sites, active military installations or property used for military purposes, and nonindustrial development sites that create jobs that may receive funding for access road improvements.
• Public agencies and the board/corporation that administer the industrial access funds, which may have expanded responsibilities to plan and fund these additional access projects.

Key Provisions

• Expands eligible uses of industrial access funds to include costs for access to active military installations or property used primarily for military purposes.
• Expands eligible uses to include costs for access to nonindustrial development sites that provide a specified number of full-time jobs.
• Redefines 'Industrial Access Roads and Bridges' to cover planning, design, and construction of roads and bridges providing access to these sites, including necessary right-of-way and utilities as provided by state law.
• Sets the framework for permitted investments of fund assets, including government securities, certain federally guaranteed instruments, state/municipal securities with rating requirements, and other specified instruments with collateral standards.
• Establishes the act's effective date: the first day of the third month after passage and governor approval.

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

Subjects

Economic Development