Ports; creates the Alabama Port Infrastructure Grant Program in Alabama Department of Economic and Community Affairs
What changed between versions
Added a new eligibility criterion allowing grant funding for the establishment or construction of new ports, contingent upon submitting a feasibility study and competitive analysis to the department.
Modified the definition of 'Inland Port' to clarify that it specifically excludes the Port of Mobile.
Modified the definition of 'Port Facility' to explicitly state that it must handle cargo owned by third parties.
Added a new requirement limiting individual grant awards to no more than 20 percent of the total grant funds available in a single fiscal year.
Added a new requirement limiting indirect and administrative costs to a maximum of 10 percent of the awarded amount.
Added a new eligibility condition requiring that funded projects be for purposes of making improvements to ports or intermodal infrastructure facilities.