HB368 Alabama 2024 Session

Summary

Primary Sponsor

Neil RaffertyRepresentative

Democrat

Session

Regular Session 2024

Title

Economic development; state law authorizing counties and municipalities to provide for innovation districts as public corporations authorized; innovation district use of public funds for public or private persons authorized; constitutional amendment

Summary

A constitutional amendment to let counties and municipalities create innovation districts as public corporations and allow government funding and support for those districts, including transfers of funds and property to them and to other entities.

What This Bill Does

If approved, the amendment would authorize the Legislature to let local governments form innovation districts as public corporations with defined governance and powers, and to exempt them from certain laws. It would permit the state and local governments to provide public funds, revenues, property, and services to innovation districts without requiring an election. It would also allow innovation districts to provide any public funds, revenues, or property to any public or private person or entity.

Who It Affects

• Local governments (counties and municipalities) in Alabama, who would be able to create and govern innovation districts as public corporations and apply exemptions as determined.
• Innovation districts themselves and the state and local government entities involved in funding or supporting them, along with any public or private recipients of district funds or property.

Key Provisions

• Authorize counties and municipalities to incorporate innovation districts as public corporations with defined governance and powers.
• Provide for exemptions of innovation districts from certain state laws as determined by the Legislature.
• Allow the state and political subdivisions to provide public funds, revenues, property, and services to innovation districts without an election.
• Authorize innovation districts to provide public funds, revenues, or property to any public or private person or entity.

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

Subjects

Constitutional Amendments Statewide