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 expands the authority's capabilities to manage housing projects and community facilities, allowing them to operate, lease, convey, or manage these projects under terms they deem appropriate. It also introduces provisions for authorities to create and support for-profit or nonprofit subsidiaries, participate in business organizations related to housing projects, and make financial arrangements for these entities. Additionally, the bill clarifies that the authority does not act as an agent of the county for projects not owned or constructed by the county.

The bill includes several deletions aimed at modernizing the language and streamlining existing laws, such as replacing "city or town" with "municipality" and rephrasing terms for clarity. It also establishes that any financial obligations incurred by the authority or its subsidiaries are solely the responsibility of the authority, protecting public funds from liability. Furthermore, the bill outlines tax exemptions for county housing authorities and their subsidiaries, including exemptions from state and local taxes, contingent upon local governing body approval. The act is set to take effect on June 1, 2025, and aims to enhance the operational efficiency of housing authorities in addressing housing needs in Alabama.

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