AlabamaAlabama lets joint site owners seek Growing Alabama funding
Local development groups that jointly own a site may apply together for state funding, but a state commission must approve their application first.
What it does
Local development groups that jointly own a site may apply together for Growing Alabama funding to address a site problem. State approval is required before funding is available.
When co-applicants receive approved funding, their agreement makes each responsible for proper use of the money and required reports and financial reviews.
Argument forLocal groups that jointly own a site could apply together for funding to prepare it for a business or connect it to needed infrastructure.
Argument againstCo-applicants could share responsibility for misused funds or missing reports, even if one organization handled the money or reporting.
More detail
Local economic development organizations that own a site together may apply together for funding to address a site problem. The site must be owned by one or more local economic development organizations and be intended for use by a business or industry. Every owner must join the application and provide a conflict-of-interest policy and a notarized statement that the application follows it. The Department of Commerce must review the application, and the Renewal of Alabama Commission must approve it before the state can provide funding. This law took effect June 1, 2026.
The funding agreement makes all co-applicants jointly and individually responsible for proper use of the funds and required reports and financial reviews. These requirements apply to all co-applicants named in an approved funding agreement. The agreement limits funding to purposes approved by the commission. Reports may be required no more often than once a year, and the commission may direct a review of the organizations' financial accounts. These duties apply after commission approval and once the Department of Commerce enters into an agreement with the applicants.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Apr 16EnactedBecame Law
- Apr 9EnrolledTo Governor
- Apr 9Delivered to GovernorMinor
- Apr 9Signature Requested
- Apr 8Third Reading in Second House
- Vote recorded Motion to Read a Third Time and Pass - Adopted Roll Call 1320. Result: pass.Lower
- Apr 8Motion to Read a Third Time and Pass - Adopted Roll Call 1320Passed House
- Apr 8Ready to Enroll
- Mar 11Reported Out of Committee Second House
- Mar 11Read for the Second Time and placed on the Calendar (Economic Development and Tourism)Minor
- Feb 26Third Reading in House of Origin
- Vote recorded Third Reading in House of Origin. Result: pass.Upper
- Vote recorded Motion to Read a Third Time and Pass - Adopted Roll Call 644. Result: pass.Upper
- Feb 26Motion to Read a Third Time and Pass - Adopted Roll Call 644Passed Senate
- Feb 26Read for the first time and referred to the House Committee on Economic Development and TourismMinor
- Feb 26Pending Committee Action in Second House (Economic Development and Tourism)
- Feb 25Reported Out of Committee House of Origin
- Feb 25Read for the Second Time and placed on the Calendar (Finance and Taxation Education)Minor
- Feb 10Read for the first time and referred to the Senate Committee on Finance and Taxation EducationMinor
- Feb 10Pending Committee Action in House of Origin (Finance and Taxation Education)Introduced
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