Motion to Read a Third Time and Pass
Yes
32
Absent
3
SB501 Alabama 2012 Session
Updated Jan 10, 2026
SB501 Alabama 2012 Session
Senate Bill
In Second Chamber
Current Status
Regular Session 2012
Session
8
Sponsors
Summary
- Primary Sponsor
-
Tammy IronsDemocrat - Co-Sponsors
- William “Bill” M. BeasleyCam WardDel MarshQuinton RossRoger Bedford, Jr.George M. “Marc” KeaheyJerry L. Fielding
- 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
Read for the first time and referred to the House of Representatives committee on Economic Development and Tourism
Motion to Read a Third Time and Pass adopted Roll Call 1076
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 Governmental Affairs
Bill Text
Votes
Documents
Source: Alabama Legislature