HB87 Alabama 2024 Session

Updated Feb 23, 2026

Summary

Primary Sponsor: Chip BrownRepresentative
Republican
Session: Regular Session 2024
Title: Airport Authorities; authorities authorized to participate in and form lawful business entities or ventures, and conduct activities incidental to operation of the authority.
Summary: HB87 allows Alabama airport authorities to form or participate in business ventures and subsidiaries related to airport operations and land acquisitions, with financing powers, while ensuring those entities cannot exercise eminent domain.
What This Bill Does
It authorizes airport authorities to participate in or establish corporations, partnerships, joint ventures, subsidiaries, and other lawful business entities related to airport operations and land acquisitions; it allows them to create or support entities for-profit or nonprofit and to arrange loans, capital contributions, and other debt and equity financing, including guarantees. It permits the authority to participate as general or limited partners, shareholders, or members. It also specifies that any entity created under this section will not have eminent domain power. The act becomes effective June 1, 2024.

Who It Affects
Airport authorities in Alabama, who gain expanded authority to form and participate in business ventures and financing activities related to airport operations and land acquisitions.
Lawful business entities formed or joined by the airport authority (such as corporations, partnerships, joint ventures, subsidiaries, and nonprofits) that may receive funding or guarantees from the authority and will not have eminent domain power.

Key Provisions
Authorization for airport authorities to participate in or form a corporation, partnership, joint venture, subsidiary, or other lawful business entity related to airport operations, land acquisitions, and incidental activities.
Authority to create, acquire, operate, or support subsidiaries and affiliates for profit or nonprofit purposes, and to provide loans, capital contributions, and debt/equity financing, including guarantees, for these entities.
Provisions that any such entity established under this section shall not possess the power of eminent domain.
Effective date: June 1, 2024.

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