The bill HB91 amends Sections 24-1-61 and 24-1-66 of the Code of Alabama 1975, significantly enhancing the powers and operational frameworks of county housing authorities. Key insertions include the definition of "mixed-use project," which encompasses developments that integrate housing, office, and retail spaces. The bill also clarifies terms such as "authority," "county," and "government," while streamlining legal language for clarity. Notably, it allows housing authorities to create and support for-profit or nonprofit subsidiaries, manage housing projects regardless of ownership, and engage in financing activities. Additionally, the bill specifies that obligations incurred by the authority do not create financial liability for the county or its members.

Furthermore, the bill provides tax exemptions for county housing authorities, including exemptions from state and local taxes, contingent upon local governing body approval. It also protects public funds by stating that all financial obligations incurred by the authority or its subsidiaries are solely the responsibility of the authority. The amendments aim to modernize the legal framework governing county housing authorities, enhance their operational capabilities, and ensure accountability and compliance with existing laws. The act is set to take effect on June 1, 2025.

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