SB217 Alabama 2012 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2012
Title
Alabama Economic Development Trust Fund, established, funded by two percent administrative fee from bonds issued by the state, state agencies, or authorities for economic development purposes
Description
This bill would require an administrative fee to be included in every bond issue authorized by the State of Alabama and any State Agency or State created public authority; and would distribute proceeds from the administrative fee to the Alabama Economic Development Trust Fund created by this bill. This bill shall be known as the David Echols bill
Relating to the issuance of bonds by the State of Alabama and any State Agency or State created public authority; to require an administrative fee to be included in each and every bond issued; to create the Alabama Economic Development Trust Fund to receive proceeds from the administrative fee.
Subjects
Business and Commerce
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 7, 2012 | Read for the first time and referred to the Senate committee on Job Creation and Economic Development |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB217 Alabama 2012 Session - Introduced |