HB733 Alabama 2012 Session
Summary
- Primary Sponsor
Alan HarperRepublican- 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
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.
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.
- Subjects
- Public Authorities
Bill Actions
Forwarded to Governor at 10:40 p. m. on May 16, 2012.
Assigned Act No. 2012-538.
Clerk of the House Certification
Signature Requested
Enrolled
Passed Second House
Motion to Read a Third Time and Pass adopted Roll Call 1475
Third Reading Passed
Read for the second time and placed on the calendar
Read for the first time and referred to the Senate committee on Finance and Taxation General Fund
Motion to Read a Third Time and Pass adopted Roll Call 1204
Third Reading Passed
Read for the second time and placed on the calendar
Read for the first time and referred to the House of Representatives committee on Economic Development and Tourism
Bill Text
Votes
Motion to Read a Third Time and Pass
Documents
Source: Alabama Legislature