The bill amends Section 45-44-90 of the Code of Alabama 1975 to enhance the operations of the Macon County Economic Development Authority. It establishes the authority's role in supporting existing industries, coordinating municipal and county agency efforts, and fostering the development of new industries to create job opportunities for Macon County residents. The new legal language includes provisions for the authority to incorporate or reincorporate under Chapter 92A of Title 11, with the board of directors remaining the same unless specified otherwise in the new authority's articles of incorporation.

Additionally, the bill allows for the distribution and expenditure of funds available to the Macon County Economic Development Authority for economic development purposes, including securing and repaying loans. The language clarifies that any powers or privileges granted to a newly incorporated or successor authority will not conflict with the existing powers of the Macon County Economic Development Authority. The act is set to take effect immediately upon passage and approval by the Governor.

Statutes affected:
Introduced: 45-44-90
Enrolled: 45-44-90