The bill SB166 introduces a new Article 3 to Title 11, Chapter 54B of the Code of Alabama 1975, specifically adding Section 11-54B-80, which allows Class 3 municipalities to establish self-help business improvement districts (BIDs) aimed at promoting economic growth and tourism. The legislation permits municipalities to levy special assessments on real property owners or specific classes of businesses within designated areas, contingent upon a public hearing and demonstrated support from property owners or business operators. Key terms such as "district management corporation" and "district member" are defined, and the bill emphasizes the importance of maintaining existing publicly funded services while enhancing the economic climate in these municipalities.

Additionally, the bill outlines the management structure and operational procedures for these districts, including the requirement for a detailed plan that describes supplemental services funded by the assessments, a transparent notification process for public hearings, and the prioritization of special assessments as liens on properties. Significant amendments include the incorporation of district management corporations under the Alabama Nonprofit Corporation Act and the establishment of governance structures for their boards. Notably, the bill removes certain procedural requirements for budget amendments and clarifies that no district or management corporation shall possess the power of eminent domain. The act will take effect three months after its passage and approval by the Governor.