HB367
175072-1:n:03/02/2016:PMG/th LRS2016-921 HB367 By Representative Johnson (K) RFD Financial
Services Rd 1 03-MAR-16 SYNOPSIS: This bill would clarify and codify certain powers of credit
unions, including, but not limited to, loan purchases, borrowing capacity, mergers, voluntary
dissolutions, and other measures to provide parity with products and services offered by federal
credit unions. This bill would provide appellate rights for persons affected by a suspension
of operation of a credit union. This bill would authorize the Administrator of the Alabama
Credit Union Administration to involuntarily merge a credit union into another credit union
or another financial institution in certain extenuating circumstances. This bill would modernize
the bond provisions covering employees of the Alabama Credit Union Administration by providing
that the employees are bonded under the Alabama Division of Risk Management. This bill would
provide the Administrator of the Alabama Credit Union...
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SB209
SB209 By Senator Holtzclaw ENROLLED, An Act, Relating to credit unions; to amend Sections 5-17-2,
5-17-4, 5-17-6, 5-17-7, 5-17-8, 5-17-10, 5-17-11, 5-17-12, 5-17-13, 5-17-19, 5-17-21, 5-17-22,
5-17-42, 5-17-45, 5-17-46, 5-17-47, 5-17-51, 5-17-52, 5-17-54, and 5-17-55, Code of Alabama
1975; to clarify and codify certain powers of credit unions, including, but not limited to,
loan purchases, borrowing capacity, mergers, voluntary dissolutions, and other measures to
provide parity with products and services offered by federal credit unions; to provide appellate
rights for persons affected by a suspension of operation of a credit union; to authorize the
Administrator of the Alabama Credit Union Administration to involuntarily merge a credit union
into another credit union or another financial institution in certain extenuating circumstances;
to modernize the bond provisions covering employees of the Alabama Credit Union Administration
by providing that the employees are bonded under the...
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HB270
cell captive insurance companies. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1. Sections
27-31B-2, 27-31B-3, 27-31B-6, 27-31B-8, 27-31B-9, 27-31B-12, 27-31B-16, 27-31B-19, 27-31B-20,
27-31B-22, and 27-31B-24, Code of Alabama 1975, are amended to read as follows: §27-31B-2.
"As used in this chapter, the following terms shall have the following meanings, unless
the context clearly indicates otherwise: "(1) AFFILIATED COMPANY. Any company in the
same corporate system as a parent, an industrial insured, or a member organization
by virtue of common ownership, control, operation, or management. "(2) ALIEN CAPTIVE
INSURANCE COMPANY. Any insurance company formed to write insurance business for its parents
and affiliates and licensed pursuant to the laws of an alien jurisdiction which imposes statutory
or regulatory standards in a form acceptable to the commissioner on companies transacting
the business of insurance in that jurisdiction. "(3) ASSOCIATION. Any legal association
of...
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HB569
Rep(s). By Representative Clouse HB569 ENGROSSED A BILL TO BE ENTITLED AN ACT To authorize
the creation of a new public corporation of the State of Alabama to be known as the "Alabama
Economic Settlement Authority"; to make Legislative findings; to provide procedures for
incorporating the authority; to provide for the members, officers and directors of the authority;
to provide for the powers of the authority; to authorize the issuance of bonds by the authority
and to provide for the source of payment of, and security for, the bonds; to provide for the
form, sale and execution of the bonds; to provide for the disposition of the proceeds of the
bonds, including deposits in the Alabama Trust Fund and the General Fund Rainy Day Account
of the Alabama Trust Fund and the payment of costs of certain transportation projects; to
create a special fund to be known as the "BP Settlement Fund" and to provide for
deposits into and withdrawals from the fund; to appropriate and pledge certain...
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HB269
172884-1:n:01/13/2016:JMH/th LRS2015-3429 HB269 By Representatives Givan, Moore (M), Beckman,
McClammy, Faulkner, Fridy, Coleman and Hill (J) RFD Judiciary Rd 1 18-FEB-16 SYNOPSIS: This
bill would adopt the Revised Uniform Fiduciary Access to Digital Assets Act. This bill would
extend the traditional power of a fiduciary to manage tangible property to include the management
of digital assets. This bill would specify the powers and duties of a fiduciary in managing
digital assets, such as computer files, web domains, and virtual currency. This bill would
provide a procedure for a custodian of digital assets to disclose the digital assets to a
fiduciary or a personal representative. This bill would restrict a fiduciary's access to certain
electronic communications such as email, text messages, and social media accounts unless the
owner or creator of the electronic communications or social media account has consented in
a will, trust, power of attorney, or other record. A BILL TO BE...
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HB419
forthwith. "d. The proceeds from the tax of one-half of one percent to the Greene County
Firefighters Association. "e. The proceeds from the tax of two percent to the Greene
County Board of Education. "f. The proceeds from the tax of one-half of one percent to
the Greene County E-911 Communications District. "g. The proceeds from the tax of one
percent to the Greene County Hospital and Nursing Home. "h. The proceeds from the tax
of one-quarter of one percent to the Greene County Industrial Development Board. "i.
The proceeds from the tax of one-quarter of one percent to the Greene County Ambulance Service.
"j. The proceeds from the tax of three-quarters of one percent to the Greene County Housing
Authority. "k. The proceeds from the remaining tax of three-quarters of one percent from
the local gross receipts, tax based upon criteria adopted by the Greene County Gaming Commission,
shall be awarded by the Greene County Gaming Commission to nonprofit organizations that provide...

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SB164
172884-1:n:01/13/2016:JMH/th LRS2015-3429 SB164 By Senators Smitherman and Orr RFD Judiciary
Rd 1 09-FEB-16 SYNOPSIS: This bill would adopt the Revised Uniform Fiduciary Access to Digital
Assets Act. This bill would extend the traditional power of a fiduciary to manage tangible
property to include the management of digital assets. This bill would specify the powers and
duties of a fiduciary in managing digital assets, such as computer files, web domains, and
virtual currency. This bill would provide a procedure for a custodian of digital assets to
disclose the digital assets to a fiduciary or a personal representative. This bill would restrict
a fiduciary's access to certain electronic communications such as email, text messages, and
social media accounts unless the owner or creator of the electronic communications or social
media account has consented in a will, trust, power of attorney, or other record. A BILL TO
BE ENTITLED AN ACT Relating to fiduciary powers and duties; to adopt...
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SB278
SB278 ENGROSSED By Senator Sanford A BILL TO BE ENTITLED AN ACT To amend Sections 11-3-11.3,
11-51-183, 11-51-208, 11-51-210, 40-12-4, and 40-12-7, and add Section 11-51-210.1, to the
Code of Alabama 1975, relating to the Department of Revenue; to further provide for the administration
of local sales, use, rental, and lodgings tax; to prohibit the department from charging for
certain services related to taxes authorized to be filed under the ONE SPOT system; to decrease
the cap on costs the department can charge a county from five percent to two percent; to extend
the county and municipal tax levy and rate notification requirements to the department; and
to provide liability relief for miscollection of local taxes due to the lack of proper rate
change notifications. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1. Sections 11-3-11.3,
11-51-183, 11-51-208, 11-51-210, 40-12-4, and 40-12-7 of the Code of Alabama 1975, are amended
to read as follows: §11-3-11.3. "(a) Counties may,...
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SB340
forthwith. "d. The proceeds from the tax of one-half of one percent to the Greene County
Firefighters Association. "e. The proceeds from the tax of two percent to the Greene
County Board of Education. "f. The proceeds from the tax of one-half of one percent to
the Greene County E-911 Communications District. "g. The proceeds from the tax of one
percent to the Greene County Hospital and Nursing Home. "h. The proceeds from the tax
of one-quarter of one percent to the Greene County Industrial Development Board. "i.
The proceeds from the tax of one-quarter of one percent to the Greene County Ambulance Service.
"j. The proceeds from the tax of three-quarters of one percent to the Greene County Housing
Authority. "k. The proceeds from the remaining tax of three-quarters of one percent from
the local gross receipts, tax based upon criteria adopted by the Greene County Gaming Commission,
shall be awarded by the Greene County Gaming Commission to nonprofit organizations that provide...

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SB279
174395-1:n:02/22/2016:JLB/mfc LRS2016-712 SB279 By Senator Dial RFD Governmental Affairs Rd
1 23-FEB-16 SYNOPSIS: Under existing law, the State Ethics Commission may issue advisory opinions
which provide immunity to the person requesting the opinion and any other person relying on
the opinion in good faith. Existing rules of the commission authorize the director and general
counsel of the commission to issue informal opinions on the application of the Code of Ethics
to a particular individual, but an informal opinion does not provide immunity. This bill would
establish a procedure for the issuance by the director or an attorney of the commission of
written informal opinions to public officers or employees that would provide immunity to the
officer or employee making the request if all pertinent information was presented and the
officer or employee acted in accordance with the relevant circumstances, factors, and requirements
set forth in the opinion. Under existing law, an elected...
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