HB213 Alabama 2013 Session

Updated Jan 11, 2026

House Bill

Expired

Current Status

Regular Session 2013

Session

Summary

Primary Sponsor: Mac McCutcheon
Republican
Co-Sponsors: Mike Hill Jim Patterson Wayne Johnson Joe Faust K.L. Brown Elaine Beech Ralph Howard William Roberts Steve Hurst Mike Jones Richard Baughn Darrio Melton Kurt Wallace David Standridge Lynn Greer Alan Harper Mac Buttram Victor Gaston Wes Long Mike Ball Jack Williams John Robinson
Session: Regular Session 2013
Title: Highway Finance Corporation, borrowing power clarified, Governor added as member of authority, proceeds of bonds, use by counties and municipalities to match federal funds, Secs. 23-1-174, 23-1-177, 23-1-178, 23-1-181 am'd.
Description: The Alabama Highway Finance Corporation issues bonds to assure the state's availability of funds for payment of the state's share of the cost of constructing roads funded by the state or federal governments.
This bill would increase the corporation's borrowing authority to not more than $25 million in aggregate principal amount of bonds outstanding at any time for the purpose of financing the state's share of the cost of constructing roads, bridges, and related improvements funded in part by the federal government or to match federal funds for local roadway, bridge, and related improvements awarded through the Rural Assistance Match Program and administered by the Alabama Department of Transportation.
Subjects: Transportation Department