Alabama § 41-23-123 Inland Waterways and Intermodal Infrastructure Fund

Alabama Statutes

§ 41-23-123 — Inland Waterways and Intermodal Infrastructure Fund

Alabama·Title 41 State Government·Ch. 23 Department of Economic and Community Affairs·Art. 7 Office of Inland Waterways and Intermodal Infrastructure

(a)The Inland Waterways and Intermodal Infrastructure Fund is created in ADECA to finance infrastructure improvements related to inland waterway and intermodal development projects, any national water recreation trail in Alabama which is designated by the National Park Service, and other projects as may be authorized by law for multi-modal transportation development.

(b)To receive funds under this article, a port, authority, other legal entity, or commission shall file an application with ADECA describing how the funds will be used and any other information ADECA may require. No application shall be approved or funds distributed unless the expenditure of funds are:

(1)Directly related to capital improvements, dredging for project development, including economic development for recreatio

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(a) The Inland Waterways and Intermodal Infrastructure Fund is created in ADECA to finance infrastructure improvements related to inland waterway and intermodal development projects, any national water recreation trail in Alabama which is designated by the National Park Service, and other projects as may be authorized by law for multi-modal transportation development.
(b) To receive funds under this article, a port, authority, other legal entity, or commission shall file an application with ADECA describing how the funds will be used and any other information ADECA may require. No application shall be approved or funds distributed unless the expenditure of funds are:
(1) Directly related to capital improvements, dredging for project development, including economic development for recreation, or the rebuilding or rehabilitation of basic waterway infrastructure and not for routine maintenance, administrative, or operational expenses; or
(2) For a project or use directly related to intermodal infrastructure development including, but not limited to, the operation of a port in its modal role; or
(3) For a purpose outside the normal operating budget of a port or intermodal infrastructure facility or a river-related community.

Alabama § 41-23-123 (Inland Waterways and Intermodal Infrastructure Fund) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.