Alabama Statutes
§ 41-23-255 — Amount of Grants; Applications
Alabama·Title 41 State Government·Ch. 23 Department of Economic and Community Affairs·Art. 15 Alabama Innovations Act
(a)The amount of research and development enhancement grants awarded by ADECA shall be subject to the appropriations of the Legislature. No research entity shall receive a research and development enhancement grant of more than 20 percent of the maximum amount awarded in a single fiscal year. The grants shall be allocated among various taxpayers using the procedures in this section.
(b)Each research entity who wishes to apply for a grant shall file an application with ADECA showing the amount of grant funding which the research entity expects in good faith to qualify for during the applicable fiscal year. No application shall show an expected claim in excess of 20 percent of the maximum amount to be awarded in a single fiscal year.
(c)If grant funds for the corresponding fiscal year are
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Legislative History
(Act 2019-404, §6; Act 2021-544, §1.)