Section 41-10-27.1 State preparation grant money for raw or completely undeveloped sites. - Alabama Statutes

Section 41-10-27.1

State preparation grant money for raw or completely undeveloped sites.

Notwithstanding any other provision of law to the contrary, a corporation in Standard Industrial Code Classification 3275 shall qualify to receive in site preparation grant money the sum of one million dollars ($1,000,000) for a site that is raw or completely undeveloped if the corporation is making a one hundred million dollar ($100,000,000) or more capital investment and is employing 400 or more employees either directly or indirectly.

(Acts 1997, No. 97-466, p. 819, §1.)