HB6 Alabama 2010 1st Special Session
In Committee
Bill Summary
Sponsors
Session
First Special Session 2010
Title
Principal campaign committees and political action committees, contributions and expenditures, reporting to Secretary of State, periodic full disclosures of sources and amounts of contributions, frequency of reporting of contributions Sec. 17-5-8 am'd.
Description
<p class="bill_description"> Under existing law, property that is sold
for nonpayment of taxes may be redeemed by payment
of the amount for which the land was sold, plus
delinquent taxes and interest</p><p class="bill_description">
This bill would provide that the rate of
interest assessed on property sold for nonpayment
of taxes would be the same as the residential
mortgage rate published by the Federal Home Loan
Mortgage Corporation or its successor for the month
preceding the filing of the application to redeem
the property</p><p class="bill_entitled_an_act"> To amend Sections 40-10-121 and 40-10-122, Code of
Alabama 1975, relating to interest charges on the sale and
redemption of property for unpaid taxes; to provide that the
rate of interest assessed on property sold for nonpayment of
taxes would be the same as the residential mortgage rate
published by the Federal Home Loan Mortgage Corporation or its
successor for the month preceding the filing of the
application to redeem the property.
</p>
Subjects
Elections
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| December 8, 2010 | Read for the first time and referred to the House of Representatives committee on Ethic |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB6 Alabama 2010 1st Special Session - Introduced |