The bill amends several sections of the Code of Alabama 1975 concerning Capital Improvement Cooperative Districts, specifically Sections 11-99B-5, 11-99B-7, 11-99B-9, and 11-99B-11. It grants districts the authority to amend their articles of incorporation to include new areas and projects, as well as the power to impose rates, fees, and charges on users and property owners, contingent upon approval from the governing body. The amendments clarify the process for adding new members, including the election of directors and the apportioning of properties upon dissolution. Notable deletions streamline the language by removing phrases like "and from time to time" and "said," while new insertions enhance the districts' adaptability to changing needs.

Additionally, the bill introduces amendments related to financial management and project oversight, requiring districts to ensure payment of rentals, licenses, rates, fees, or charges through reasonable deposits from users. It allows districts to fix and revise charges for project use, subject to approval by member entities' governing bodies, and emphasizes the need for maintaining sufficient funds for project construction, operation, maintenance, and bond payments. Various deletions are made to clarify responsibilities and modernize language, such as replacing "promulgation" with "adoption." The act is set to take effect on October 1, 2024, following its passage in both legislative chambers.

Statutes affected:
Introduced: 11-99B-5, 11-99B-7, 11-99B-9, 11-99B-11
Engrossed: 11-99B-5, 11-99B-7, 11-99B-9, 11-99B-11
Enrolled: 11-99B-5, 11-99B-7, 11-99B-9, 11-99B-11