SB286 Alabama 2023 Session

Summary

Primary Sponsor

William “Bill” M. BeasleySenator

Democrat

Session

Regular Session 2023

Title

Relating to Macon County; to amend Section 45-44-90 of the Code of Alabama 1975, establishing the Macon County Economic Development Authority, to further provide for the operation of the authority; and to authorize the formation of a successor authority under certain conditions.

Summary

SB286 updates Macon County's economic development framework by creating the Macon County Economic Development Authority, allowing it to reincorporate or form a successor authority, and clarifying funding and governance for local economic development.

What This Bill Does

Creates the Macon County Economic Development Authority to support existing industries, coordinate efforts of county and city agencies, and help develop new industries that create jobs. Allows the authority to incorporate or reincorporate as an authority under Chapter 92A of Title 11, with board members matching those in the current law. Lets the authority or a successor use available funds for economic development, including securing and repaying loans, and states that powers granted to new or successor authorities won’t conflict with the Macon County EDA’s existing powers. Takes effect immediately after passage and the Governor signs it.

Who It Affects

• Macon County residents and job seekers – could see increased job opportunities from new or expanded economic development.
• Current Macon County industries – receive ongoing support and coordination from the authority.
• Municipal and county agencies in Macon County – coordinated efforts under the authority.
• Organizations planning new industries in Macon County – potential access to development support.
• The Macon County Economic Development Authority and any successor authority – governance continuity and funding flexibility.
• Lenders and developers involved in economic development loans – authority funds may be used to secure and repay loans.

Key Provisions

• Establishes the Macon County Economic Development Authority to aid current industries, coordinate municipal and county agencies, and assist in developing new industries that create jobs.
• Authorizes incorporation or reincorporation as an authority under Chapter 92A of Title 11, with board members of the new or reincorporated authority remaining the same as those named in Section 45-44-90.01.
• Allows funds available to the Macon County EDA or its successor to be expended or pledged for economic development, including loan financing and repayment, and ensures new or successor authorities' powers do not conflict with existing powers.
• Provides for the formation of a successor authority under certain conditions and makes the act effective immediately after passage and governor's approval.

AI-generated summary using openai/gpt-5-nano on Feb 22, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Macon County, Economic Development Authority, operation, reincorporation