HB695 Alabama 2010 Session

Summary

Primary Sponsor

James O. Gordon

Democrat

Session

Regular Session 2010

Title

Prichard, supplemental appropriation for fiscal year ending September 30, 2010, for purchase of retirement benefits for current municipal retirees and credit in Employees' Retirement System for current municipal employees

Summary

HB695 would provide a one-time $10 million supplemental appropriation from Alabama's General Fund to the City of Prichard for FY2010 to pay retirees' benefits and to purchase retirement service credits for current city employees.

What This Bill Does

Allocates $10,000,000 from the General Fund to the City of Prichard for the fiscal year ending September 30, 2010. Uses the funds to pay retirement benefits for current municipal retirees and to purchase credit in the Employees' Retirement System for current municipal employees. The appropriation is in addition to other funds already provided to Prichard. The act becomes effective immediately upon passage and the governor's approval.

Who It Affects

• City of Prichard: receives a $10 million one-time appropriation to fund retiree benefits and ERS credits.
• Current municipal retirees in Prichard: will have retirement benefits paid with these funds.
• Current municipal employees in Prichard: may receive purchased retirement service credits in the Employees' Retirement System using these funds.
• State General Fund: serves as the source of the one-time appropriation.

Key Provisions

• Section 1: Appropriates $10,000,000 from the General Fund to the City of Prichard for FY2010 to pay retirement benefits for current municipal retirees and to purchase ERS credits for current municipal employees, in addition to other funds previously or subsequently appropriated to Prichard.
• Section 2: The act becomes effective immediately upon passage and governor's approval, or otherwise becoming law.

AI-generated summary using openai/gpt-5-nano on Feb 25, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Appropriations