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HB189
Rep(s). By Representatives Davis, Faust, Baker, Shiver and McMillan HB189 ENROLLED, An Act,
To amend Section 35-8A-410, Code of Alabama 1975, relating to the Alabama Uniform Condominium
Act; to define certain terms relating to escrow and building costs; to specify conditions
of escrow deposit and use; and to require written notice in the contract that deposits may
be used under certain conditions. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1. Section
35-8A-410, Code of Alabama 1975, is amended to read as follows: ยง35-8A-410. "(a)Except
as provided in subsection (b), any deposit made in connection with the purchase or reservation
of a unit from a person required to deliver an offering statement pursuant to Section 35-8A-402(c)
shall be placed in escrow and held either in this state or in the state where the unit is
located in an account designated solely for that purpose by a licensed title insurance company,
an attorney, a licensed real estate broker, or an institution whose...
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SB15
services to and on behalf of needy persons. b. a. Nine and nine one-hundredths percent shall
be set apart and used for the following purposes only and in the following order: 1. So much
thereof as may be necessary for such purpose is hereby appropriated and shall be used by the
State Treasurer to pay at their respective maturities the principal and interest that will
mature during the then current fiscal year on all bonds at the time outstanding that may have
been issued by the State Industrial Development Authority under the provisions of the
following acts: (i) Acts 1967, No. 231; (ii) Acts 1971, No. 1420; (iii) Acts 1973, No. 1039;
(iv) Acts 1975, No. 1217; (v) Acts 1978, 2nd Ex. Sess., No. 99; (vi) Acts 1981, No. 81-843;
(vii) Acts 1983, No. 83-925; and (viii) Acts 1987, No. 87-550. 2. The balance thereafter remaining
during each fiscal year shall be paid into the State General Fund. a special fund in the State
Treasury to be designated the "General and Mental Health Fund,"...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/SB15.htm - 81K - Match Info - Similar pages
SB287
SB287 ENGROSSED By Senators Pittman, Ward, Allen, Williams and Reed A BILL TO BE ENTITLED AN
ACT To amend Sections 14-2-1, 14-2-12, 14-2-13.1, 14-2-14, 14-2-16, 14-2-19, 14-2-21, 14-2-28,
and 14-2-34, relating to the Alabama Corrections Institution Finance Authority, to allow the
Authority to issue up to $800 million in bonds with no specified maturity date later than
30 years for the purpose of financing the construction of women's and regional prison facilities,
renovating existing prison facilities, and demolishing obsolete prison facilities; and to
allow the Authority to construct the women's and regional prison facilities using various
types of construction agreements; to authorize the Authority to dispose of property not required
for Department of Corrections purposes; to require reporting to the Joint Legislative Prison
Committee; to further provide for actions to be taken upon payment of all bonds issued by
the Authority; to amend Section 40-8-3, relating to allocation of the...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/SB287.htm - 36K - Match Info - Similar pages
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...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/HB569.htm - 42K - Match Info - Similar pages
SB91
SB91 ENGROSSED By Senator Orr A BILL TO BE ENTITLED AN ACT To amend Sections 5-18A-3, 5-18A-6,
5-18A-12, and 5-18A-13, Code of Alabama 1975, relating to the business of deferred presentment
services; to increase the nonrefundable license fee and provide that one half of the increase
would be paid to the State Banking Department and one half to the General Fund; to expand
the licensure requirements for any person engaged in the business of deferred presentment
services to include services offered by mail, telephone, Internet, mobile device application,
or in person; to provide that a person who attempts to evade the licensure requirement for
the business of deferred presentment services would be guilty of a criminal offense; to provide
penalties; to further regulate the business of deferred presentment services by regulating
the fees, interest, number of loans, term of a loan, finance charges, and repayment of a loan;
and in connection therewith would have as its purpose or effect the...
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HB202
Rep(s). By Representative Poole HB202 ENROLLED, An Act, To adopt a revised Alabama Limited
Partnership Law as Chapter 9A of Title 10A of the Code of Alabama 1975; to provide for the
various processes of formation of a limited partnership; to provide default provisions; to
provide that certain obligations of a limited partnership may not be modified in the agreement;
to specify the information required to be included in various filings; to specify that when
both the converting entity and the converted entity are domestic entities, the statement of
conversion and the certificate of formation would be filed simultaneously with the Secretary
of State; to make various harmonizing changes to the limited liability company law; to amend
Sections 10A-1-1.03, 10A-1-1.06, 10A-1-1.08, 10A-1-4.26, 10A-1-6.02, 10A-1-6.13, 10A-1-6.25,
10A-1-7.07, 10A-5A-1.10, 10A-5A-4.01, 10A-5A-5.04, 10A-5A-7.01, 10A-5A-7.02, 10A-5A-10.03,
10A-5A-10.04, 10A-5A-10.07, and 10A-5A-10.08, Code of Alabama 1975; and to...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/HB202.htm - 233K - Match Info - Similar pages
HB342
174690-1:n:02/24/2016:LLR/tj LRS2016-829 HB342 By Representative Todd RFD Financial Services
Rd 1 25-FEB-16 SYNOPSIS: Under existing law, a license is required for any person engaged
in the business of deferred presentment services. This bill would expand the licensure requirement
for persons engaged in the business of deferred presentment services to include services offered
by mail, telephone, Internet, mobile device application, or in person. This bill would increase
the nonrefundable license fee and provide that one half of the increase would be paid to the
State Banking Department and one half to the General Fund. This bill would provide that a
person who attempts to evade the licensure requirement for the business of deferred presentment
services would be guilty of a criminal offense and would provide penalties. This bill would
further regulate the business of deferred presentment services by regulating the fees, interest,
number of loans, term of a loan, finance charges, and...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/HB342.htm - 21K - Match Info - Similar pages
SB316
173986-3:n:03/01/2016:KMS/tj LRS2016-614R2 SB316 By Senator Marsh RFD Education and Youth Affairs
Rd 1 01-MAR-16 SYNOPSIS: Under existing law, the Students First Act of 2011 provides a process
for public K-12 school teachers to attain tenure. This bill would create the Preparing and
Rewarding Educational Professionals (PREP) Act of 2016. This bill would provide a procedure
for observing and evaluating teachers, principals, and assistant principals on performance
and student achievement. This bill would make an appropriation of $10,000,000 from the Education
Trust Fund to the Legislative School Performance Recognition Program, for the fiscal year
ending September 30, 2017, to fund rewards earned by schools pursuant to that program. This
bill would require implementation of the Legislative School Performance Recognition Program
before September 1, 2016. This bill would increase the number of years of service required
to attain tenured status pursuant to the Students First Act of 2011, as...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/SB316.htm - 51K - Match Info - Similar pages
SB330
175097-1:n:03/07/2016:PMG/th LRS2016-916 SB330 By Senator Ward RFD Banking and Insurance Rd
1 08-MAR-16 SYNOPSIS: Under existing law, lenders of $1,000 or less are licensed and regulated
under the Alabama Small Loan Act. This bill would authorize non-bank lenders to issue short-term
unsecured loans, known as flex loans. This bill would provide for the licensure and regulation
of lenders of flex loans by the State Banking Department. This bill would establish the maximum
interest rate and maximum duration of a flex loan and provide for fees that may be charged
to a customer. This bill would set qualifications, including financial guarantees, for lenders
and provide civil penalties for violations by lenders. This bill would also authorize the
State Banking Department to enforce the provisions of this act and promulgate rules. A BILL
TO BE ENTITLED AN ACT Relating to short-term loans; to authorize non-bank lenders to issue
short-term unsecured loans, known as flex loans; to provide for...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/SB330.htm - 39K - Match Info - Similar pages
HB313
173595-1:n:02/18/2016:EBO-DHC/jk HB313 By Representative Clouse RFD Ways and Means General
Fund Rd 1 24-FEB-16 SYNOPSIS: This bill will be known as the Alabama Prison Transformation
Initiative Act. This bill would provide for the construction of four modern, efficient prison
facilities to reduce overcrowding, to improve safety conditions for corrections officers,
to allow for additional inmate re-entry programs and to improve operational practices and
procedures. This bill would require increased reporting to the Joint Legislative Prison Committee.
Under existing law, the Alabama Corrections Institution Finance Authority is authorized to
issue bonds for prison construction purposes. The Authority is required to construct facilities
using plans and specifications of architects or engineers, or both. This bill would also allow
the Authority to construct women's and regional prison facilities using various types of construction
agreements. This bill would allow the Authority to issue...
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