Ala. Admin. Code r. 281-6-2-.02 - Local Economic Development Organizations

Current through Register Vol. 40, No. 6, March 31, 2022

(a) Commerce determines that public corporations organized and existing under the following provisions of the Code are local economic development organizations as such term is used in the Act:

1. Title 4, Chapter 3 (Airport Authorities),

2. Title 11, Chapter 20, Article 2 (County Industrial Development Boards),

3. Title 11, Chapter 54, Article 4 (Municipal Industrial Development Boards),

4. Title 11, Chapter 54, Article 6 (Commercial Development Authorities),

5. Title 11, Chapter 54A (Downtown Redevelopment Authorities) ,

6. Title 11, Chapter 92A (County Industrial Development Authorities),

7. Title 11, Chapter 92B (Local Reuse or Development Authorities) ,

8. Title 11, Chapter 94 (Port Authorities),

9. Title 11, Chapter 105 (Tourism Development Authorities) ,

10. Title 33, Chapter 13 (Alabama State Port Authority), and

11. Title 40, Chapter 10, Article 2 (State Industrial Development Authority)

(b) In addition, Commerce determines that capital improvement cooperative districts organized and existing under the provisions of Title 11, Chapter 99B of the Code are local economic development organizations as such term is used in the Act if all of the members of a cooperative district are either (i) entities listed in subsection (a) of this Section, (b) a municipality or county or (iii) have otherwise been designated as a local economic development organization by Commerce.

(c) An organization seeking designation as a local economic development organization may apply in writing on letterhead of the organization and shall include the following information regarding the organization:

1. Legal name of the organization,

2. Address of the organization,

3. Name of authorized contact person for the organization,

4. Email address of authorized contact person,

5. Telephone number of authorized contact person,

6. State of incorporation of the organization,

(i) If the organization is organized or incorporated in Alabama, certification of the title, chapter and article (if applicable) under which the organization is organized or incorporated, or

(ii) If the organization is unincorporated, information regarding board appointment procedures, including the identity of each third party empowered to appoint directors,

7. Certification that the organization is not operated for a profit, and

8. Narratives describing the following:

(i) The organization's mission,

(ii) The organization's programs to improve a community or region of Alabama, and

(iii) The organization's record of supporting or otherwise participating in economic development activities in the community or region of Alabama it serves.

(d) Applications for designation as a local economic development organization should be submitted to Commerce at the following address:

Alabama Department of Commerce

401 Adams Avenue, Suite 670

P.O. Box 304106

Montgomery, Alabama 36130-4106

Attn: Deputy Secretary of Commerce

Business Development Division

(e) Applications for designation as a local economic development organization may be made free of charge.

Notes

Ala. Admin. Code r. 281-6-2-.02

Adopted by Alabama Administrative Monthly Volume XXXV, Issue No. 05, February 28, 2017, eff. 3/19/2017.

Author: Department of Commerce

Statutory Authority: Code of Ala. 1975. §§ 40-18 -411, 40-18-415(a) and (f).