Many local economic-development amendments require voter approval before the county or municipality may undertake an authorized project, including a data-center project. For example, the proposal must be approved by a majority of qualified electors, with advance publication of the election notice for at least three successive weeks. after an election held in accordance herewith

Local economic-development borrowing is generally capped at 50 percent of the assessed value of taxable property; some provisions impose lower or fixed limits, including a 20-percent cap for Madison County and Huntsville and a $250,000 limit for Greene County. to a principal amount not exceeding fifty percent

Several local amendments cap special economic-development taxes at 2 percent of taxable property, while some authorize only a 1-percent privilege or sales-and-use tax, limiting the amount that can be raised to finance a project. a special tax or taxes of not exceeding two percent

Under Amendment 772, a county or municipality may not lend credit or provide public funds or things of value to a private entity unless the governing body first adopts a public-purpose resolution at a public meeting and publishes notice at least seven days beforehand identifying the recipient and proposed public benefits. At least seven days prior to the public meeting

Amendments 429 and 759 prohibit the covered counties and municipalities from constructing residential or other buildings for lease or sale, which could prevent a publicly developed data-center building from being constructed for that purpose under those amendments. Nothing herein shall authorize the counties named

For industrial-park property acquired under Amendments 429 and 759, a sale below the property's actual purchase and development cost requires governing-body approval, at least 14 days' advance newspaper notice, and a sale price no lower than the advertised price. At least fourteen (14) days prior

For Anniston industrial-park projects, the industrial development board must first approve and recommend the project, and the city governing body must adopt an ordinance after publishing the proposed ordinance and hearing notice weekly for three weeks, with the first publication at least 18 days before adoption. unless and until the proposed ordinance has been published

Counties and municipalities without a local economic-development amendment may acquire and improve industrial sites, buildings, facilities, machinery, and equipment, including roads, drainage, sewers, waste-disposal systems, parking, and utilities; lease or sell them to businesses; and provide public funds or credit for economic development. Amendment 772 authorizes site acquisition and infrastructure improvements

The same authority allows counties and municipalities to issue bonds, warrants, notes, or other obligations for economic-development property and projects, up to 50 percent of the assessed value of taxable property; the debt may be general-obligation or limited-source debt. The 50-percent financing authority

Amendment 772 removes the usual constitutional restrictions in Sections 93 and 94 for these economic-development activities, but requires a public-purpose resolution and at least seven days' newspaper notice before public funds or credit may benefit a private entity. The exemption from Sections 93 and 94

In the counties and municipalities covered by Amendments 429 and 759, governments may acquire and develop industrial sites and parks with roads, drainage, sewers, waste-disposal systems, parking, and utilities, and may convey those projects to businesses; these powers are not subject to Sections 93 or 94. The amendments do not authorize construction of residential or other buildings for lease or sale. Industrial-site infrastructure authority

Amendment 666 creates funding mechanisms for economic development and industrial recruitment, including authority for up to $350 million in state general-obligation bonds. Bond proceeds may pay economic-development costs such as site preparation, infrastructure improvements, worker training, and training facilities; no more than $50 million may be used for local-government matching funds and no more than $15 million for municipal infrastructure costs. Economic-development costs and bond authority

Counties and municipalities may establish tax-increment districts and use increases in ad valorem tax revenue from redevelopment or revitalization to pay project costs or related indebtedness, subject to protection of existing bonded debt and the required agreement between the county and municipality. Tax-increment district authority

For Marengo County and its municipalities, Amendment 624 permits economic-development property acquisition, conveyance, grants, and up to 50-percent assessed-value debt without an election; Amendment 646 provides similar authority for the county commission and municipalities. The no-election authority

For Etowah County and municipalities located there, Amendment 761 provides the same types of acquisition, development, conveyance, grants, debt, and public-authority powers without an election, and allows delegation to existing or newly created authorities. Etowah County's no-election powers

In Fayette County, the Tom Bevill Reservoir Management Area Authority may develop water conservation and supply, reservoirs, industrial development, and related infrastructure; it may issue revenue bonds payable from authority revenues and receive county or municipal contributions. Reservoir authority powers for water supply and industrial development