HB613 Alabama 2010 Session

Summary

Primary Sponsor

Demetrius C. Newton

Democrat

Co-Sponsors

Rod ScottJohn W. RogersMary Sue McClurkinArthur PayneAllen TreadawayDickie DrakeJack WilliamsPaul DeMarcoPat MooreGregory CanfieldElwyn ThomasPatricia ToddMerika ColemanMary MooreOliver RobinsonEarl F. HilliardLawrence McAdory

Session

Regular Session 2010

Title

Jefferson Co., bonds and other debt issued by county and certain swap agreements, notice, public records, requirements, competitive bids on swap agreements

Description

Relating to Jefferson County; to provide certain notice, hearing, and disclosure requirements for certain debt issued by the county and for certain swap agreements entered into by the county; to require a public hearing before the county enters into a binding agreement to issue debt or a binding swap agreement and to specify the timing of the hearing; to require the county to publish notice of the public hearing and to specify the required content and timing of the notice; to require competitive bidding of certain swap agreements; to specify the procedure for and requirements for bidding; to require the county file a written report of certain agreements in the public records of the county; to specify the required content and timing of the written report; to prohibit the county from making a payment to any individual, business, or professional organization before issuing payment; to require the county to obtain a written statement from the individual, business, or professional organization declaring certain information regarding the amount and purpose of the payment; and to require the written statement to be filed in the public records of the county.

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Subjects

Jefferson County