HB317 Alabama 2018 Session

Sponsors

Session

Regular Session 2018

Title

Economic Development, notification and confidentiality provisions revised for certain economic incentives, State Industrial Development Authority, bonds for industrial development and site preparation, auth., definition of lobbying under Ethics Act not to include economic development professionals under certain conditions, expiration date, Alabama Jobs Enhancement Act, Secs. 41-29-501 to 41-29-507, inclusive, added; Sec. 41-29-3 am'd.

Description

Relating to economic development; to amend Section 41-29-3, Code of Alabama 1975, to revise notification and confidentiality provisions governing certain economic incentives; to provide that certain activity relating to the award of certain economic incentives would not constitute lobbying; to clarify what incentives are subject to the notification requirements; to add Article 5 to Chapter 29 of Title 41, Code of Alabama 1975, to codify Act 91-635, 1991 Regular Session, as amended by Act 97-645, 1997 Regular Session, with certain revisions, authorizing the State Industrial Development Authority to sell and issue bonds for the financing of industrial development and site preparations and for other industrial development purposes.

Subjects

Economic Development