Under existing law, the Alabama Municipal Electric Authority is a public corporation comprised of member municipalities which purchases and otherwise provides electric power for distribution by participating municipalities to their citizens. The authority is governed by a board of directors of nine members which number was originally based on the number of member municipalities participating in the authority.
Currently, 13 municipalities participate in the authority. The terms of board members are for three years and the terms are staggered.
Also, under existing law, the board members are not provided compensation and the accounting firm that audits the authority is required to be a nationally recognized accounting firm.
This bill would provide that the number of board members of the authority would equal the number of municipalities participating in the authority and would specify that the terms of any members added to the board would be staggered.
This bill would authorize the board by unanimous vote to provide compensation to board members not to exceed $600 per meeting and would delete the requirement that the auditing firm be a national accounting firm.
Indefinitely Postponed
Johnson (R) motion to Substitute SB2 FOR HB43 adopted Voice Vote
Motion to Adopt adopted Roll Call 319
Boards, Agencies and Commissions Amendment Offered
Third Reading Placed on the Calendar
Read for the second time and placed on the calendar 1 amendment
Read for the first time and referred to the House of Representatives committee on Boards, Agencies and Commissions
Source: Alabama Legislature