SB78 Alabama 2011 Session
Signed by Governor
Bill Summary
Sponsors
Session
Regular Session 2011
Title
Public School and College Authority, bonds authorized by Act 99-348, 1999 Reg. Sess. and Act 2002-240, 2002 Reg. Sess., certain unused proceeds, premium income, and investment income of bonds, expenditure for additional public education purposes and administrative costs authorized
Description
<p class="bill_description"> Under existing law, in 1999, the Legislature
authorized the Alabama Public School and College
Authority to sell and issue up to $89,000,000 of
bonds for construction and improvement of certain
worker training facilities and to equip these
facilities. Certain bond proceeds remain from the
bonds issued pursuant to the 1999 act; although,
the bonds have been paid off</p><p class="bill_description">
Under existing law, in 2002, the Legislature
authorized the Alabama Public School and College
Authority to sell and issue $75,000,000 of bonds
for workforce development and training facilities
for companies that engage in the business of
manufacturing or assembling complete passenger
automobiles, trucks, trailers, buses, and parts and
accessories with the State of Alabama</p><p class="bill_description">
This bill would authorize the Alabama Public
School and College Authority to use the proceeds,
premium income, and investment income of bonds
authorized pursuant to Act 99-348 and Act 2002-240
for construction, reconstruction, alteration,
improvement, and equipping of buildings and other
facilities for general education purposes and for
administrative costs</p><p class="bill_entitled_an_act"> To authorize the expenditure for additional public
education purposes of certain unused proceeds, premium income,
and investment income of bonds issued pursuant to Act 99-348
of the 1999 Regular Session (Acts 1999, p. 500) and Act
2002-240 of the 2002 Regular Session (Acts 2002, p. 510) for
additional public education purposes; and to authorize the
proceeds of the bonds to be expended for administrative costs.
</p>
Subjects
Public School and College Authority
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 26, 2011 | Delivered to Governor at 3:20 p.m. on April 26, 2011 | |
| April 26, 2011 | Assigned Act No. 2011-206. | |
| April 26, 2011 | Signature Requested | |
| April 26, 2011 | Enrolled | |
| April 21, 2011 | Passed Second House | |
| April 21, 2011 | Motion to Read a Third Time and Pass adopted Roll Call 447 | |
| April 21, 2011 | Third Reading Passed | |
| March 31, 2011 | Read for the second time and placed on the calendar | |
| March 22, 2011 | Read for the first time and referred to the House of Representatives committee on Ways and Means Education | |
| March 22, 2011 | Motion to Read a Third Time and Pass adopted Roll Call 66 | |
| March 22, 2011 | Third Reading Passed | |
| March 3, 2011 | Read for the second time and placed on the calendar | |
| March 1, 2011 | Read for the first time and referred to the Senate committee on Finance and Taxation Education |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB78 Alabama 2011 Session - Introduced |
| Bill Text | SB78 Alabama 2011 Session - Enrolled |