SB548 Alabama 2010 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2010
Title
Banks receiving state funds from State Treasurer, required to lend funds for purchases and refinancing of homes and businesses, Sec. 41-14-33 am'd.
Description
Currently, the State Treasurer invests the state's money with various state depositories
This bill would temporarily set a requirement for depositories to receive funds that such depositories would have to lend money for the purchase or refinancing of Alabama homes or new or expanding businesses
To amend Section 41-14-33, Code of Alabama 1975, relating to the State Treasury and state depositories and interest thereto; to temporarily set a requirement for depositories to receive funds that such depositories would have to lend money for the purchase or refinancing of Alabama homes or new or expanding businesses.
Subjects
Banks and Banking
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 | SB548 Alabama 2010 Session - Introduced |