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  1. Bama Politics
  2. Alabama
  3. Alabama House & Senate Bills
  4. 2012 Alabama Legislative Regular Session
  5. 2012 Alabama Senate Bills
  6. SB501 Alabama 2012 Session

SB501 Alabama 2012 Session

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Bill Summary

Sponsors
  • Tammy Irons
  • William “Bill” M. Beasley
  • Cam Ward
  • Del Marsh
  • Quinton Ross
  • Roger Bedford, Jr.
  • George M. “Marc” Keahey
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

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.

Subjects
Public Authorities

Bill Actions

Action DateChamberAction
May 3, 2012Read for the first time and referred to the House of Representatives committee on Economic Development and Tourism
May 3, 2012Motion to Read a Third Time and Pass adopted Roll Call 1076
May 3, 2012Third Reading Passed
April 17, 2012Read for the second time and placed on the calendar
April 10, 2012Read for the first time and referred to the Senate committee on Governmental Affairs

Bill Text

Download SB501 Alabama 2012 Session PDF

Bill Votes

Motion to Read a Third Time and Pass
2012-05-04
Chamber: Senate
Result: Passed

Bill Documents

TypeLink
Bill Text SB501 Alabama 2012 Session - Introduced
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