HB406 Engrossed is a bill that seeks to amend the Code of Alabama 1975 by updating the language and powers of county housing authorities. It introduces the concept of "mixed-use projects" and expands the authorities' powers to include investigating living conditions, making housing-related recommendations, and cooperating with planning agencies. The bill allows housing authorities to take over, construct, and manage housing projects, and it revises the definition of "federal government" to include the Department of Housing and Urban Development. It also updates terms, such as changing "persons of low income" to "individuals of low income," and ratifies certain acts of housing authorities before the act's effective date, while exempting them from taxes under specific conditions.

The bill grants housing authorities the ability to operate and manage housing projects, community facilities, and mixed-use projects, and to engage in property transactions. It allows them to participate in business organizations, make loans, and establish subsidiaries or affiliates to assist in their purposes. The bill specifies that determinations by the authority's board regarding these powers are conclusive and that business entities not wholly owned by the authority do not have eminent domain power. It also mandates compliance with Title 39 for procurement using state or local funds, clarifies investigatory powers, and validates actions taken by wholly owned business entities before June 1, 2024. The bill passed with overwhelming support and will become effective immediately upon enactment.

Statutes affected:
Introduced: 24-1-61, 24-1-66
Engrossed: 24-1-61, 24-1-66