SB478 Alabama 2015 Session

Summary

Primary Sponsor

Bill Holtzclaw

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

SB478 would allow the Uniform Commercial Code Fund to be used to pay for administering the Secretary of State’s Office, not just for UCC-related purposes.

What This Bill Does

The bill changes Section 7-9A-525 to authorize using the Uniform Commercial Code Fund for the administration of the Secretary of State's Office. Beginning in the 2015 fiscal year, funds in the UCC Fund can be expended for SOS administration as determined by the Secretary of State, as long as they are budgeted and allocated. Expenditures remain subject to the general appropriation process, and the bill does not change filing fees or core fund mechanics beyond this new allowed use.

Who It Affects

• Secretary of State's Office – gains authority to use the Uniform Commercial Code Fund to cover administrative costs and activities.
• State budget process and General Assembly – oversight and control through appropriation and budgeting requirements for using the Fund for SOS administration.

Key Provisions

• Authorizes the Uniform Commercial Code Fund to be used for the administration of the Office of the Secretary of State.
• This use is codified by amending Section 7-9A-525 to reflect the new permitted purpose.
• Starting in the fiscal year beginning October 1, 2015 (per the amendment), funds may be expended for SOS administration as determined by the Secretary of State, provided the funds are allotted and budgeted through the Legislature's general appropriation process.
• Funds deposited in the Uniform Commercial Code Fund shall continue to be used for purposes authorized by law, with expenditures tied to the general appropriation and administrative provisions.

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