SB112 Alabama 2019 Session

Under existing law, a Class 2 municipality may provide for the establishment of self-help business improvement districts authorized to levy assessments to promote economic growth in the districts

The bill would provide procedures for any Class 2 municipality to establish additional self-help business improvement districts for the purpose of promoting tourism, including the creation of nonprofit district management corporations to manage the districts. The bill would authorize districts to levy a special assessment on particular classes of businesses located within the district for the purpose of promoting tourism for the benefit of businesses in the district. The bill would provide for the dissolution of a district and withdrawal of a nonprofit corporation's designation as a district management corporation

The bill would also provide procedures for certain self-help business improvement districts to expand or reduce the territory in the district under certain conditions

Relating to Class 2 municipalities; to amend Sections 11-54B-40, 11-54B-41, 11-54B-43 to 11-54B-50, 11-54B-57, and 11-54B-58 of the Code of Alabama 1975, to provide procedures for the establishment of self-help business improvement districts for the purpose of promoting tourism, including the creation of nonprofit district management corporations to manage the districts; to provide for the levy of a special assessment on particular classes of businesses located within the geographical area of a district for the purpose of promoting tourism for the benefit of businesses in the district; to provide for dissolution of a district and withdrawal of a nonprofit corporation's designation as a district management corporation; and to provide procedures for certain self-help business improvement districts to expand or reduce territory in the district under certain conditions.