SB169 Alabama 2017 Session

Updated Feb 27, 2026

Low Interest

Summary

Primary Sponsor: J.T. WaggonerSenator
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: SB169 changes who sets the Securities Commission Director’s pay by requiring approval from the State Personnel Board while keeping the pay within the Attorney IV Merit System range.
What This Bill Does
The bill changes the salary-setting process for the Securities Commission Director so that the salary is fixed by the Securities Commission but requires approval from the State Personnel Board. The salary remains within the Merit System range for Attorney IV, as determined by the Commission. It adds the State Personnel Board’s oversight to the salary determinations. The act takes effect on the first day of the third month after passage and the Governor's approval.

Who It Affects
Director of the Alabama Securities Commission: salary will be fixed by the Securities Commission but only with the approval of the State Personnel Board, and must stay within the Attorney IV Merit System range.
State Personnel Board: gains authority to approve the Securities Commission's salary determinations for the director.

Key Provisions
The director's salary shall be fixed by the Securities Commission with the approval of the State Personnel Board.
The salary must be within the Merit System salary range payable to Attorneys IV.
The State Personnel Board must approve the commission's salary determinations for the director.
The act becomes effective on the first day of the third month following its 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