HB632 Alabama 2015 Session

Summary

Primary Sponsor

Arnold MooneyRepresentative

Republican

Session

Regular Session 2015

Title

Uniform Commercial Code Fund, used for administration of the Secretary of State, authorized, Sec. 7-9A-525 am'd.

Summary

HB632 would allow the Uniform Commercial Code Fund to be used to pay for the administration of the Secretary of State's Office.

What This Bill Does

It amends Section 7-9A-525 to authorize the Uniform Commercial Code Fund to be used for administration of the Office of the Secretary of State. Starting in the fiscal year beginning October 1, 2015, funds from the UCC Fund may be expended for administration of the Secretary of State's Office, as long as the funds are budgeted and allotted and used only for purposes specified by the Legislature in the general appropriation bill. The change adds flexibility to use filing-fee revenues in the UCC Fund to support SOS administrative costs, while continuing to follow existing budgeting and appropriation rules.

Who It Affects

• Office of the Secretary of State: gains new authority to use the Uniform Commercial Code Fund to cover its administrative costs.
• Businesses and individuals who file UCC records: continue to fund the UCC Fund through filing fees; the fund may now be used to support SOS administration, though the bill does not specify changes to fee amounts.
• Probate judges in Alabama counties: rebates from certain filing fees remain specified in the statute and are not altered by this bill.

Key Provisions

• Authorizes the Uniform Commercial Code Fund to be used for the administration of the Office of the Secretary of State.
• Beginning in the fiscal year starting October 1, 2015, allows fund expenditures for SOS administration, conditioned on budgeting/allocation as provided by the Legislature in the general appropriation bill.

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

Subjects

Uniform Commercial Code