Class 2 municipalities; industrial development boards, powers amended

Summary

The law expands the authority of industrial development boards in Alabama’s Class 2 cities, letting them issue bonds and finance a wide range of development projects. Boards can now acquire, build, improve, lease, operate, and sell property for industrial, commercial, residential, and related uses that further public purposes such as job creation, tax‑base growth, and blight removal. This gives municipalities more tools to promote economic growth.

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