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 The Lawrence County Chamber of Commerce will keep you up to date on initiatives in government and private sector information that is beneficial to businesses. Check back often, we will keep this page up to date. The "Community Development Commission" Bill It will establish a Lawrence County Community Development Commission; provide for the membership of the commission; and to establish a Community Development Fund within the county treasury and provide for the source of revenue. Section 1. (a) There is created the Lawrence County Community Development Commission which shall be authorized to receive and by majority vote distribute any funds in the Community Development Fund created herein for the purposes of promoting ECONOMIC DEVELOPMENT including, but not limited to, water and sewer needs and paying the principal and interest on bonds issued for economic development; education; recreation; conservation; fire protection; and disaster relief. The commission shall be comprised of the following members: 1. A person appointed by each Senator representing Lawrence County whose term shall coincide with the term of the Senator or until a replacement is appointed. 2. A person appointed by the member of the House of Representatives representing Lawrence County whose term shall coincide with the term of the representative or until a replacement is appointed. (b) The commission may promulgate rules related to its operations and procedures for the awarding of grants within the community for the above mentioned purposes. (c)There is hereby created the Community Development Fund within the Lawrence County Treasury. The fund shall be comprised of the additional 3% of TVA in-lieu-of tax payments received pursuant to Act 2006-655 beginning with the fiscal year which began October 1, 2006. (d) The moneys in the fund shall be expended only on the order of the Lawrence County Community Development Commission. Section 2. This act shall become effective on the first day of the third month following its passage and approval by the Governor, or its otherwise becoming law. To submit content, E-mail: info@lawrencealabama.com |
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