This bill would authorize financial institutions that do business in the state to conduct savings promotion contests for members and customers of the financial institution for the purpose of encouraging depositors to maintain savings accounts and increase personal savings.
This bill would specify that the offering of a savings promotion contest is not a lottery within the meaning of the Constitution of Alabama of 1901.
Forwarded to Governor on May 19, 2017 at 3:00 p.m.
Assigned Act No. 2017-406.
Clerk of the House Certification
Enrolled
Signature Requested
Concurred in Second House Amendment
Coleman motion to Concur In and Adopt adopted Roll Call 1015
Concurrence Requested
Motion to Read a Third Time and Pass adopted Roll Call 1252
Sanford motion to Adopt adopted Roll Call 1251
Sanford Amendment Offered
Shelnutt motion to Table adopted Voice Vote
Banking and Insurance Amendment Offered
Shelnutt motion to Adopt adopted Roll Call 1250
Banking and Insurance Amendment Offered
Third Reading Passed
Shelnutt motion to Carry Over to the Call of the Chair adopted Voice Vote
Banking and Insurance Amendment Offered
Banking and Insurance Amendment Offered
Third Reading Carried Over to Call of the Chair
Read for the second time and placed on the calendar 2 amendments
Read for the first time and referred to the Senate committee on Banking and Insurance
Motion to Read a Third Time and Pass adopted Roll Call 637
Third Reading Passed
Read for the second time and placed on the calendar
Read for the first time and referred to the House of Representatives committee on Financial Services
Source: Alabama Legislature