SB 185

This act amends Sections 11-32-2 and 11-32-7, Code of Alabama 1975, to: (1) authorize transit authorities located in counties having populations of 600,000 or more to participate as members in, and make and arrange for debt and equity financing for, various types of business entities relating to transit operations, land acquisitions, or other incidental operations of the authority; (2) authorize these authorities to establish, acquire, and operate for profit and nonprofit subsidiaries and affiliates; and (3) provide that these businesses may not exercise eminent domain.