SB547 Alabama 2010 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2010
Title
Employees' Retirement System and Teachers' Retirement System, investments authorized to be made in mortgages for Alabama homeowners, Secs. 16-25-20, 36-27-25 am'd.
Description
Currently, the Boards of Control of the Employees' Retirement System and the Teachers' Retirement System make various investments with funds available to both entities
This bill would allow investments to be made in mortgages for Alabama homeowners to assist in boosting the state's economy
To amend Sections 16-25-20 and 36-27-25, Code of Alabama 1975, relating to the investments made by the Boards of Control of the Employees' Retirement System and the Teachers' Retirement System, to allow investments to be made in mortgages for Alabama homeowners to assist in boosting the state's economy.
Subjects
Employees' Retirement System
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 14, 2010 | Indefinitely Postponed | |
| March 25, 2010 | Read for the second time and placed on the calendar | |
| March 23, 2010 | Read for the first time and referred to the Senate committee on Finance and Taxation General Fund |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB547 Alabama 2010 Session - Introduced |