HB55 Alabama 2017 Session

Summary

Primary Sponsor

Kyle South

Republican

Session

Regular Session 2017

Title

Securities Commission, directors salary to be fixed by commission with approval of State Personnel Board, Sec. 8-6-56 am'd.

Summary

HB55 would change how the Securities Commission Director’s salary is set, requiring the Commission to fix it with approval from the State Personnel Board, within the Merit System Attorney IV pay range.

What This Bill Does

Shifts the salary-setting authority for the Securities Commission Director to the Commission, with the final amount needing approval from the State Personnel Board. Keeps the Director’s pay within the Merit System Attorney IV salary range as determined by the Commission, with approval from the State Personnel Board. Amends Section 8-6-56 of the Code to implement this change and states when the bill takes effect.

Who It Affects

• Director of the Securities Commission — their salary will be set by the Commission but must be approved by the State Personnel Board.
• The Alabama Securities Commission — gains the authority to determine the Director’s pay within the specified range.
• State Personnel Board — gains a role approving the final Director’s salary.
• Merit System Attorney IV employees (salary range) — used as the pay range for the Director’s salary.

Key Provisions

• The Director’s salary will be fixed by the Securities Commission in the Attorney IV merit pay range, with approval required from the State Personnel Board.
• The salary range used for the Director is the Merit System Classification of Attorney IV, as determined by the Commission, with SPB approval.
• The Act preserves existing qualification requirements for the Director (as specified in §8-6-56(a)-(b)).
• Effective date: the first day of the third month after passage and the Governor’s approval.

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

Subjects

Securities Commission