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Senator Simpson introduces bill to expand Growing Alabama fund to jointly owned development organizations
Summary
Senator Simpson told a legislative committee SP 289 would allow properties jointly owned by multiple economic development organizations to apply for Growing Alabama funds, create a joint-application process and clarify accountability; the committee gave the bill a favorable report.
Senator Simpson told the committee that SP 289 would broaden which projects can access Growing Alabama funding. "Under the current law, a site eligible for Growing Alabama funding must be owned by a single economic development organization," he said, adding that if property is owned by more than one entity it is currently ineligible.
The senator said the bill "will particularly expand the eligibility for jointly owned organization. It also would create a joint application process and it clarifies accountability requirements." He invited questions from committee members but none were recorded in the transcript.
A committee member moved and a second was recorded; members vocalized assent and the clerk reported that SP 289 "has received a favorable report." The motion was not accompanied by a roll-call vote in the transcript and no vote tally was recorded.
The bill now proceeds as a committee-favorable measure per the committee's practice; the transcript does not record next steps such as scheduling for a floor action or referral to another committee.
