HB43 Alabama 2015 Session

Updated Feb 24, 2026

Summary

Primary Sponsor: Ron Johnson
Republican
Session: Regular Session 2015
Title: Municipal Electric Authority, board of directors, number of members increased, compensation of board members and accounting firm further provided for, Sec. 11-50A-6 am'd.
Summary: HB43 would expand and reshape the Alabama Municipal Electric Authority's board to match the number of participating municipalities, require staggered terms for new members, allow compensation for directors, and relax the auditing firm requirements.
What This Bill Does
If passed, the bill would size the board to the exact number of municipalities contracting with the authority for bulk power, with new members' terms staggered to maintain continuity. It would authorize the board, by unanimous vote, to pay directors up to $600 per meeting attended. It would also remove the requirement that the auditing firm must be nationally recognized, allowing an independent auditing and accounting firm to be selected without that constraint.

Who It Affects
Member municipalities: the number of board seats will equal the number of municipalities contracting with the authority, affecting representation on the board.
Board of directors: may receive compensation (up to $600 per meeting) by unanimous board vote and will have staggered terms for any new members added to reflect the expanded board size.
Auditing firm: no longer required to be nationally recognized; the authority can choose any independent auditing and accounting firm.

Key Provisions
Board size to equal the number of municipalities contracting with the authority for bulk electric power and energy.
New board members’ terms must be staggered to conform with the expanded board size.
Board may compensate directors up to $600 per meeting, with unanimous board approval.
Auditing requirement changed from 'nationally recognized firm' to 'independent auditing and accounting firm' without the national-recognition constraint.

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.
Subjects: Municipalities