SB480 Alabama 2015 Session

Summary

Primary Sponsor

Bill Holtzclaw

Republican

Session

Regular Session 2015

Title

Information Bulk Sales Fund, used for administration of the Secretary of State, authorized, Sec. 7-9A-523 am'd.

Summary

SB480 allows the Information Bulk Sales Fund to be used to administer the Secretary of State’s Office.

What This Bill Does

It amends Section 7-9A-523 to authorize the Information Bulk Sales Fund to be used for the administration of the Office of the Secretary of State. Funds collected must be deposited into the State Treasury to credit the fund and may be expended only for administration of the Secretary of State’s Office, as determined by the Secretary and within the Legislature's appropriation rules. The bill maintains existing provisions about filing acknowledgments, financing statements, public access to records, and the central indexing system, which the administration funds would support. The act becomes effective immediately after the Governor signs it or it becomes law.

Who It Affects

• Secretary of State’s Office staff and operations — gains authorization to use the Information Bulk Sales Fund for administrative costs.
• Public users of records (including bulk list buyers, commission merchants, selling agents, and general public) — will continue to access filings and pay related fees, with administration funded by the revised use of the Information Bulk Sales Fund.

Key Provisions

• Authorizes the Information Bulk Sales Fund to be used for the administration of the Office of the Secretary of State.
• All funds collected for the Information Bulk Sales Fund must be deposited into the State Treasury to credit the fund and may be expended only for administration of the Secretary of State’s Office, in accordance with appropriation rules and legislative provisions.
• The Secretary of State must develop a central indexing system and maintain a master list of information filed, organize it by farm product categories, and perform related duties including distributing lists to buyers and charging specified fees for copies and searches.
• The act becomes effective immediately upon passage and approval by the Governor, or otherwise becoming law.

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

Subjects

Secretary of State