HB733 Alabama 2012 Session
Signed by Governor
Bill Summary
Sponsors
Session
Regular Session 2012
Title
Commercial development authorities, formation, requirement that incorporator be a natural person or qualified elector remove; Secs. 11-54-171, 11-54-173, 11-54-174, 11-54-178, 11-54-190 am'd
Description
<p class="bill_description"> Under existing law, a commercial development
authority may incorporate in any municipality in
the state for the purpose of acquiring, owning, or
leasing projects that develop and promote
commercial enterprises in the municipality</p><p class="bill_description">
This bill would define person for purposes
of forming a commercial development authority to
include a limited liability company or a
partnership. This bill would remove the requirement
that the authority be formed by not less than three
natural persons. This bill would also remove the
requirement that an incorporator of a commercial
development authority be a qualified elector of the
municipality where the authority is being formed</p><p class="bill_entitled_an_act"> Relating to commercial development authorities; to
amend Sections 11-54-171, 11-54-173, 11-54-174, 11-54-178, and
11-54-190, Code of Alabama 1975; to provide further for the
formation of a commercial development authority; and to remove
the requirement that an incorporator be a qualified elector of
the municipality where the authority is being formed.
</p>
Subjects
Public Authorities
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| May 16, 2012 | Forwarded to Governor at 10:40 p. m. on May 16, 2012. | |
| May 16, 2012 | Assigned Act No. 2012-538. | |
| May 16, 2012 | Clerk of the House Certification | |
| May 16, 2012 | Signature Requested | |
| May 16, 2012 | Enrolled | |
| May 16, 2012 | Passed Second House | |
| May 16, 2012 | Motion to Read a Third Time and Pass adopted Roll Call 1475 | |
| May 16, 2012 | Third Reading Passed | |
| May 9, 2012 | Read for the second time and placed on the calendar | |
| May 3, 2012 | Read for the first time and referred to the Senate committee on Finance and Taxation General Fund | |
| May 3, 2012 | Motion to Read a Third Time and Pass adopted Roll Call 1204 | |
| May 3, 2012 | Third Reading Passed | |
| April 26, 2012 | Read for the second time and placed on the calendar | |
| April 19, 2012 | Read for the first time and referred to the House of Representatives committee on Economic Development and Tourism |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB733 Alabama 2012 Session - Introduced |
| Bill Text | HB733 Alabama 2012 Session - Enrolled |