Ala. Admin. Code r. 281-6-2-.07 - Partial Funding Of Projects
Each application filed by a local economic development organization shall include a certification of the amount of organization funding available to complete the project should taxpayer funding not materialize. Each Growing Alabama Funding Agreement shall include an agreement by the local economic development organization to fully fund the project once an agreed amount of cash contributions from taxpayers is received. For the avoidance of doubt, a local economic development organization may specify that no organization funding is available for the project, in which case the project must be fully funded by cash contributions from taxpayers prior to proceeding.
Notes
Author: Department of Commerce
Statutory Authority: Code of Ala. 1975. ยง 40-18 -415 (f).
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.