HB35 Alabama 2011 Session

Summary

Primary Sponsor

Howard Sanderford

Republican

Session

Regular Session 2011

Title

Securities Commission, Sunset Law review, continued

Summary

The bill would continue the Alabama Securities Commission under the Sunset Law, keeping its existence and rules in place.

What This Bill Does

It uses the Sunset Law process to recommend continuing the Alabama Securities Commission. It would preserve the Commission's existence and the statutes that define its powers (codes 8-6-1 to 8-6-122 and 8-7-1 to 8-7-15). The Legislature would concur with the Sunset Committee's recommendation to continue the Commission. The act would take effect immediately upon passage and the governor's approval (or otherwise becoming law).

Who It Affects

• Alabama Securities Commission - will continue to exist and operate under current laws.
• State Legislature and Sunset Committee - their recommendation to continue the Commission would be enacted into law, with immediate effect.

Key Provisions

• Section 1: Sunset Committee recommends the continuance of the Alabama Securities Commission.
• Section 2: The Commission's existence and functioning are continued, and the related code sections (8-6-1 to 8-6-122 and 8-7-1 to 8-7-15) are preserved.
• Section 3: The Legislature concurs in the Sunset Committee's recommendations.
• Section 4: The act becomes effective immediately upon passage and approval by the Governor, or otherwise becoming law.

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Securities Commission