HB668 Alabama 2012 Session

Updated Feb 27, 2026

Notable

Summary

Primary Sponsor: Barry Mask
Republican
Session: Regular Session 2012
Title: Alabama Parking Deck Authority, bond maturity date of 30 years, parking deck specifications altered, Secs. 41-10-502, 41-10-513, am'd
Summary: The bill updates how the Alabama Parking Deck Authority issues bonds and designs the parking deck, including a 30-year bond maturity limit and a requirement to accommodate a mirror image of the Persons Office Building.
What This Bill Does
It sets a maximum maturity date for Alabama Parking Deck Authority bonds (30 years after issue) and allows redemption options in bond resolutions. It also requires the parking deck to be designed and built to accommodate a mirror image of the Persons Office Building, with plans approved by both the Authority and the state Building Commission, and constructed by architects or engineers selected by the Authority.

Who It Affects
Alabama Parking Deck Authority and its bondholders: see a defined maximum bond maturity and potential redemption options, along with revenue pledge priorities.
State Building Commission, architects/engineers, and related planning bodies: must approve designs and oversee that the parking deck can accommodate the mirror image of the Persons Office Building.

Key Provisions
Bond maturity cap: no bonds shall have a maturity date later than 30 years after issuance, with the Authority potentially including a redemption option in its bond resolutions.
Construction specifications: all facilities must be built according to plans by architects or engineers selected by the Authority, and the parking deck must be planned to accommodate a mirror image of the Persons Office Building, with approvals from the Authority and the State Building Commission.

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