Section 41-23-250 – Short Title.
Section 41-23-250 Short title. This article shall be known as the “Alabama Innovation Act.” (Act 2019-404, §1.)
Section 41-23-251 – Legislative Findings.
Section 41-23-251 Legislative findings. The Legislature finds and declares that the health, safety, and welfare of the people of this state are dependent upon the continued encouragement, development, growth, and expansion of the private sector within the state. The Legislature finds that expanding upon current research and development activities in the state would improve the […]
Section 41-23-252 – Definitions.
Section 41-23-252 Definitions. For the purpose of this article, the following words and phrases shall have the following meanings: (1) ADECA. The Alabama Department of Economic and Community Affairs. (2) ALABAMA RESEARCH ENTITY. One or more of the following: a. A public or private university in the state in partnership with a private sector applicant. […]
Section 41-23-253 – Research and Development Enhancement Grant Program; Faculty and Student Intern Partnership Program; Funding.
Section 41-23-253 Research and development enhancement grant program; fund. THIS SECTION WAS AMENDED BY ACT 2021-544 IN THE 2021 REGULAR SESSION, EFFECTIVE MAY 27, 2021. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (a) The Director of ADECA may establish and administer the research and development enhancement grant program for the purpose of encouraging new […]
Section 41-23-254 – Alabama Research and Development Enhancement Oversight Committee.
Section 41-23-254 Alabama Research and Development Enhancement Oversight Committee. (a) The Alabama Research and Development Enhancement Oversight Committee is created. The committee shall consist of the Chair of the House Ways and Means Education Committee or designee, the Chair of the Senate Finance and Taxation Education Committee or designee, two members appointed by the Speaker […]
Section 41-23-255 – Amount of Grants; Applications.
Section 41-23-255 Amount of grants; applications. (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 […]
Section 41-23-256 – Effective Date of Grant Program.
Section 41-23-256 Effective date of grant program. The grant program established under this article shall be effective beginning with the fiscal year ending September 30, 2020. (Act 2019-404, §7.)