HB613 Alabama 2010 Session

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.