HB178 Alabama 2016 Session

Summary

Primary Sponsor

Mike Hill

Republican

Session

Regular Session 2016

Title

Uniform Commercial Code Fund, Information Bulk Sales Fund, and Secretary of State Fund, used for administration of the Secretary of State, authorized, Sec. 7-9A-523, 7-9A-525, 10A-1-4.31 am'd.

Description

Under existing law, funds deposited in the Uniform Commercial Code Fund must be expended for the purpose of carrying out the provisions of law authorizing the collection of the funds; funds in the Secretary of State's Information Bulk Sales Fund may be used for any purpose; and funds in the Secretary of State Entity Fund may be used for any purpose, provided the funds are allotted and budgeted in accordance with law.

This bill would authorize the Uniform Commercial Code Fund, the Secretary of State's Information Bulk Sales Fund, and the Secretary of State Entity Fund to be used for the administration of the Office of the Secretary of State.

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Subjects

Uniform Commercial Code