The bill HB405 Engrossed amends Sections 24-1-22 and 24-1-27 of the Code of Alabama 1975, enhancing the powers and responsibilities of municipal housing authorities. Key insertions include the authority for housing authorities to act as agents for the federal government in housing projects, manage community facilities, and engage in various business organizations related to housing development. The bill also allows authorities to make loans and create for-profit or not-for-profit subsidiaries to assist in fulfilling their purposes. Additionally, it clarifies that determinations made by the board of directors of the authority shall be conclusive, and it introduces new definitions such as "MIXED-USE PROJECT" to modernize the legal framework.

In terms of deletions, the bill removes language that previously limited the authority's engagement with other governments and entities, as well as restrictions on property sales and management. It streamlines the language for clarity and expands the operational scope of housing authorities. The bill also outlines tax exemptions for municipal housing authorities, including exemptions from state and local taxes, contingent upon local governing body approval, and it exempts them from fees imposed by probate judges. The act is set to take effect immediately upon passage, which received unanimous support in the House of Representatives.

Statutes affected:
Introduced: 24-1-22, 24-1-27
Engrossed: 24-1-22, 24-1-27