HB318 Alabama 2023 Session

Existing law provides for the creation of self-help business improvement districts in Class 1 and Class 2 municipalities in areas that have been adversely affected by urban development. The purpose of these districts is to promote economic development in Class 1 municipalities, and to promote either economic development or tourism in Class 2 municipalities

Self-help business improvement districts are administered by a nonprofit management corporation under the oversight of the municipality, and provide supplemental business services within the district that are funded by assessments levied against certain property owners or businesses

This bill would allow Class 3 municipalities to create self-help business improvement districts to promote either economic development or increase tourism

Relating to municipalities; to add a new Article 3, HB318 INTRODUCED commencing with Section 11-54B-80 to Title 11, Chapter 54B, Code of Alabama 1975, to provide that Class 3 municipalities may establish self-help business improvement districts.