HB213 Alabama 2013 Session
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Bill Summary
Sponsors
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
<p class="bill_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</p><p class="bill_description">
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</p><p class="bill_entitled_an_act"> To amend Sections 23-1-174, 23-1-177, 23-1-178, and
23-1-181 of the Code of Alabama 1975, to add the Governor as a
member of the corporation; to designate the officers of the
corporation; to increase the borrowing authority of the
corporation to not more than $25 million in aggregate
principal amount of bonds of the corporation outstanding at
any time for the purpose of financing the state's share of the
cost of constructing roads, bridges, and related improvements;
and to provide matching funds otherwise to be paid by counties
or municipalities for local roadway, bridge, and related
improvement projects awarded through the Rural Assistance
Match Program and administered by the Alabama Department of
Transportation.
BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:
Section 1. Sections 23-1-174, 23-1-177, 23-1-178,
and 23-1-181, Code of Alabama 1975, are amended to read as
follows:
"§23-1-174.
"The applicants named in the application and their
respective successors in office shall constitute the members
of the corporation shall consist of the Governor, the Director
of Transportation, the Attorney General, and the Director of
Finance and their respective successors in office. The
Director of Transportation Governor shall be the president of
the corporation, the Attorney General Director of Finance
shall </p>
Subjects
Transportation Department
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| March 7, 2013 | S | Pending third reading on day 12 Favorable from Commerce, Transportation, and Utilities |
| March 7, 2013 | S | Read for the second time and placed on the calendar |
| February 26, 2013 | S | Read for the first time and referred to the Senate committee on Commerce, Transportation, and Utilities |
| February 26, 2013 | H | Engrossed |
| February 26, 2013 | H | Motion to Read a Third Time and Pass adopted Roll Call 128 |
| February 26, 2013 | H | Motion to Adopt adopted Roll Call 127 |
| February 26, 2013 | H | Transportation, Utilities and Infrastructure Amendment Offered |
| February 26, 2013 | H | Third Reading Passed |
| February 14, 2013 | H | Read for the second time and placed on the calendar 1 amendment |
| February 7, 2013 | H | Read for the first time and referred to the House of Representatives committee on Transportation, Utilities and Infrastructure |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB213 Alabama 2013 Session - Introduced |
| Bill Text | HB213 Alabama 2013 Session - Engrossed |