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HB733 Alabama 2012 Session

Updated Jul 25, 2021

Summary

Primary Sponsor
Alan Harper
Republican
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

May 19, 2012 Senate Passed
Yes 28
No 3
Abstained 1
Absent 3

Documents

Source: Alabama Legislature