SB111 Alabama 2015 Session
Bill Summary
This bill would create the Alabama Transportation Infrastructure Bank for the purpose of selecting and assisting in the financing of major qualified transportation projects by providing loans and other financial assistance to certain government entities for constructing and improving highways and transportation facilities necessary for public purposes, including economic development
This bill would specify the membership, powers, duties, terms, sources for capitalization, and liability of the bank, as well as the procedures for the bank to provide loans and other financial assistance to government entities for qualified projects
This bill may redistribute a portion of revenues produced by one cent ($.01) a gallon of the tax on gasoline pursuant to Act 2011-565 and may redistribute revenues collected pursuant to Section 40-12-248, Code of Alabama 1975
This bill would authorize the bank to issue bonds for certain qualified projects under certain conditions
This bill would also require an annual audit of the books and accounts of the bank and would require the bank to submit an annual report to the Governor and the Legislature
To establish the Alabama Transportation Infrastructure Bank; to specify the membership, powers, duties, terms, sources for capitalization, and liability of the bank; to provide for the redistribution of a portion of gasoline tax revenues and motor vehicle registration fee revenues; to provide procedures for the issuance of loans and other financial assistance to certain government entities for certain qualified projects; to provide authority for the bank to issue certain bonds under certain conditions; to require the bank to report annually to the Governor and the Legislature.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 14, 2015 | S | Assigned Act No. 2015-50. |
| April 14, 2015 | H | Signature Requested |
| April 14, 2015 | S | Enrolled |
| April 14, 2015 | S | Passed Second House |
| April 9, 2015 | H | Motion to Read a Third Time and Pass adopted Roll Call 331 |
| April 9, 2015 | H | Third Reading Adopted |
| April 2, 2015 | H | Read for the second time and placed on the calendar |
| March 19, 2015 | H | Read for the first time and referred to the House of Representatives committee on Ways and Means General Fund |
| March 19, 2015 | S | Engrossed |
| March 18, 2015 | S | Motion to Read a Third Time and Pass adopted Roll Call 155 |
| March 18, 2015 | S | Motion to Adopt adopted Roll Call 154 |
| March 18, 2015 | S | Singleton Amendment Offered |
| March 18, 2015 | S | Third Reading Passed |
| March 18, 2015 | S | Motion to Carry Over to the Call of the Chair adopted Voice Vote |
| March 18, 2015 | S | Motion to Adopt adopted Roll Call 151 |
| March 18, 2015 | S | Finance and Taxation General Fund Amendment Offered |
| March 18, 2015 | S | Third Reading Carried Over to Call of the Chair |
| March 11, 2015 | S | Read for the second time and placed on the calendar 1 amendment |
| March 3, 2015 | S | Read for the first time and referred to the Senate committee on Finance and Taxation General Fund |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | April 1, 2015 | Room 617 at 13:30 | House W&MGF Hearing |
| Hearing | April 1, 2015 | Room 617 REVISED at 13:30 | House W&MGF Hearing |
| Hearing | March 11, 2015 | Room 727 at 09:30 | Senate F&TG Hearing |
| Hearing | March 11, 2015 | Room 727 **REVISION** at 09:30 | Senate F&TG Hearing |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB111 Alabama 2015 Session - Enrolled |
| Bill Text | SB111 Alabama 2015 Session - Engrossed |
| Bill Text | SB111 Alabama 2015 Session - Introduced |