This bill would amend Act No. 556 of the Regular Session of the Legislature of Alabama of 1959, as amended by Act 2011-584 of the 2011 Regular Session to provide for a new member of the City of Birmingham Firemen's and Policemen's Supplemental Pension System Board of Managers, authorize the Board of Managers to appoint a temporary secretary, amend the investment powers of the Board of Managers to include interest of private investment, private investment funds, alternative investments and exclude direct investments in real estate and add a new Section 8.3 to Act No. 556 of the Regular Session of the Legislature of Alabama of 1959, as amended by Act 2011-584 of the 2011 Regular Session, transferring all assets and powers of the (City of Birmingham) Firemen's Pension and Relief Fund provided by Act No. 389 of the 1935 Regular Session of the Alabama Legislature as amended and the funding sources contained in Section 10C. of the (City of Birmingham) Firemen's Pension and Relief Fund provided by Act No. 389 of the 1935 Regular Session of the Alabama Legislature as amended to the City of Birmingham Firemen's and Policemen's Supplemental Pension System and repeal all other funding sources provided by Act No. 389 of the 1935 Regular Session of the Alabama Legislature (Ala.
Act 389, p. 847) as amended and restated by Act No.
307 of the 1943 Regular Session of the Alabama Legislature (Ala. Act 307, p. 264) as amended by Act No. 632 of the 1967 Regular Session of the Alabama Legislature (Ala. Act 632, p. 1441).
Delivered to Governor at 11:59 p.m. on May 20, 2013.
Assigned Act No. 2013-438.
Clerk of the House Certification
Signature Requested
Enrolled
Passed Second House
Motion to Read a Third Time and Pass adopted Roll Call 1211
Third Reading Passed
Marsh table Marsh motion to recommit adopted Roll Call 991
Read for the first time and referred to the Senate committee on Local Legislation No. 2
Read for the second time and placed on the calendar
Motion to Read a Third Time and Pass adopted Roll Call 810
Third Reading Passed
Read for the second time and placed on the calendar
Read for the first time and referred to the House of Representatives committee on Jefferson County Legislation
Source: Alabama Legislature