SB279 Alabama 2017 Session
Bill Summary
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
To authorize financial institutions that do business in the state to conduct savings promotion contests; to specify the conditions under which a financial institution may conduct a savings promotion contest; to authorize the appropriate federal or state regulatory agency of the financial institution to oversee the conduct of any savings promotion contest conducted by it; and to specify that the offering of a savings promotion contest does not constitute gambling or a lottery.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| May 17, 2017 | S | Indefinitely Postponed |
| April 6, 2017 | S | Banking and Insurance first Amendment Offered |
| April 6, 2017 | S | Read for the second time and placed on the calendar 1 amendment |
| March 7, 2017 | S | Read for the first time and referred to the Senate committee on Banking and Insurance |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | April 5, 2017 | Room 320 ** BILL ADDED** at 00:00 | Senate B&I Hearing |
| Hearing | April 5, 2017 | Room 320 **PH ADDED** at 00:00 | Senate B&I Hearing |
| Hearing | April 5, 2017 | Room 320 at 00:00 | Senate B&I Hearing |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB279 Alabama 2017 Session - Introduced |
| Bill Amendments | Senate Banking and Insurance first Amendment Offered |