Alabama § 41-10-47.03 - Application for Site Assessment Grant -- Findings, Requirements, and Agreements.
Full text of Alabama Code of Alabama § 41-10-47.03 — Application for Site Assessment Grant -- Findings, Requirements, and Agreements., with citation guidance and answers to common questions.
§ 41-10-47.03. Application for Site Assessment Grant -- Findings, Requirements, and Agreements.
(a) Any local economic development organization may apply to the authority for a site assessment grant.
(b) Before making a site assessment grant, the authority shall make all of the following findings:
(1) The site is owned by a local economic development organization, or a local economic development organization has an option to purchase the site.
(2) The site is at least 50 acres.
(3) The application includes proof that the grant funds that are approved by the authority will be matched by funds on hand with, or contingently committed to, the applicant such that one of the following is true:
a. If the site is located in a targeted county with a population of less than 12,000, for every dollar of grant funds, the applicant will contribute twenty-five cents ($0.25) of additional funds.
b. If the site is located in a targeted county with a population of 12,000 or greater but less than 60,000, for every dollar of grant funds, the applicant will contribute fifty cents ($0.50) of additional funds.
c. If the site is located in a county with a population of 60,000 or greater but less than 150,000, for every dollar of grant funds, the applicant will contribute seventy-five cents ($0.75) of additional funds.
d. If the site is located in a county with a population of 150,000 or greater, for every dollar of grant funds, the applicant will contribute one dollar ($1) of additional funds.
(c) The authority may impose additional requirements with regard to the sites, including, but not limited to, environmental and geotechnical matters, as well as utility related and transportation related issues.
(d) Each applicant must enter into a project agreement with the authority to establish the terms and conditions of the site assessment grant.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 41-10-47.03
What does Code of Alabama § 41-10-47.03 cover?
Section 41-10-47.03 ("Application for Site Assessment Grant -- Findings, Requirements, and Agreements.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 41-10-47.03?
A common citation format is "Code of Alabama § 41-10-47.03" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 41-10-47.03 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.