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.
Forwarded to Governor at 12:30 p.m. on April 4, 2013
Assigned Act No. 2013-80.
Signature Requested
Enrolled
Concurred in Second House Amendment
Marsh motion to Concur In and Adopt adopted Roll Call 298
Concurrence Requested
Motion to Read a Third Time and Pass adopted Roll Call 223
Motion to Adopt adopted Roll Call 222
Holmes 2nd Amendment Offered
McCutcheon motion to Table adopted Roll Call 221
Holmes 1st Amendment Offered
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 Transportation, Utilities and Infrastructure
Engrossed
Motion to Read a Third Time and Pass adopted Roll Call 157
Bussman motion to Adopt adopted Roll Call 156
Bussman Amendment Offered
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 Commerce, Transportation, and Utilities
Source: Alabama Legislature