The bill seeks to amend the Code of Alabama 1975 concerning Capital Improvement Cooperative Districts, specifically targeting Sections 11-99B-5, 11-99B-7, 11-99B-9, and 11-99B-11. It introduces the ability for districts to amend their articles of incorporation to include new areas and finance additional projects. The bill also permits the imposition of rates, fees, and other charges on users or property owners within the district, contingent upon approval by the governing body that established the district. Furthermore, it allows district funds to be used for the construction costs of new projects. The amendment process for the certificate of incorporation is outlined, including the need for a board resolution, application to governing bodies, and their subsequent approval. Insertions in the text include provisions for expanding the district with property owner consent and a more general description of project areas, while deletions aim to enhance clarity by removing redundant phrases.

SB327 also elaborates on the powers of the district, such as entering into management agreements for projects, subject to approval by each member governing body as required by the certificate of incorporation. The bill enables the district to set and revise charges for the use of its projects, with an insertion clarifying that these charges apply to users, businesses, or property owners within the district and require member governing body approval. It includes provisions for charge collection, project maintenance, and reserve creation and maintenance. The bill is slated to take effect on October 1, 2024.

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