HB749 Alabama 2010 Session
Crossed Over
Bill Summary
Sponsors
Session
Regular Session 2010
Title
Bonds, general obligation bonds issued under Amendment 666 (Section 219.04, Recompiled Constitution of Alabama of 1901, as amended), Alabama Capital Improvement Trust Fund, and increases in bonding authority pursuant to Amendment 796 (Section 219.041, Recompiled Constitution of Alabama of 1901, as amended), refunding bonds not subject to the amount of bond issuance authority, const. amend.
Description
<p class="bill_description"> Under existing provisions of the
Constitution of Alabama of 1901, Amendments 666 and
796, now appearing as Sections 219.04 and 219.041
of the Official Recompilation of the Constitution
of Alabama of 1901, as amended, bonds issued to
refund existing general obligation bonds count
against the maximum aggregate principal amount of
general obligation bonds that may be issued
pursuant to said amendments</p><p class="bill_description">
This bill would propose an amendment to the
Constitution of Alabama of 1901, to provide that
bonds issued to refund bonds issued under said
Amendments 666 and 796, now appearing as Sections
219.04 and 219.041 of the Official Recompilation of
the Constitution of Alabama of 1901, as amended,
would not count against the maximum aggregate
principal amount of general obligation bonds that
may be issued pursuant to said amendments. In all
other respects, Amendments 666 and 796, now
appearing as Sections 219.04 and 219.041 of the
Official Recompilation of the Constitution of
Alabama of 1901, as amended, would remain unchanged
and in full force and effect</p><p class="bill_entitled_an_act"> Proposing an amendment to the Constitution of
Alabama of 1901, as amended, to allow the issuance by the
State of general obligation refunding bonds under the
authority of Amendment 666, now appearing as Section 219.04 of
the Official Recompilation of the Constitution of Alabama of
1901, as amended, without regard to the maximum aggregate
principal limitations imposed thereon by Amendments 666 and
796, now appearing as Sections 219.04 and 219.041 of the
Official Recompilation of the Constitution of Alabama of 1901,
as amended.
</p>
Subjects
Constitutional Amendments
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 8, 2010 | Pending third reading on day 27 Favorable from Finance and Taxation General Fund | |
| April 8, 2010 | Read for the second time and placed on the calendar | |
| April 6, 2010 | Read for the first time and referred to the Senate committee on Finance and Taxation General Fund | |
| April 6, 2010 | Motion to Read a Third Time and Pass adopted Roll Call 862 | |
| April 6, 2010 | Knight motion to Table adopted Roll Call 861 | |
| April 6, 2010 | Government Appropriations first Substitute Offered | |
| April 6, 2010 | Third Reading Passed | |
| April 1, 2010 | Read for the second time and placed on the calendar with 1 substitute and | |
| March 23, 2010 | Read for the first time and referred to the House of Representatives committee on Government Appropriations |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB749 Alabama 2010 Session - Introduced |