HB100 Alabama 2018 Session

Updated Feb 26, 2026

Notable

Summary

Primary Sponsor: Will AinsworthLt. Governor
Republican
Session: Regular Session 2018
Title: Co. commissions, bank depository, requirement to select in December of each year deleted, Sec. 11-4-41 am'd.
Summary: HB100 lets Alabama county commissions choose their county depository at any time during the year, instead of only by a December deadline.
What This Bill Does
The bill amends Section 11-4-41 to remove the requirement that a county commission select a county depository by the first Monday in December for the next year. It still requires selecting a qualified public depository under Chapter 14A of Title 41 and, where allowed by law, choosing the depository or depositories that offer the highest interest rate on daily balances for the county funds in the following calendar year. The change takes effect immediately after governor approval (or when it becomes law).

Who It Affects
County commissions in Alabama, who can select the county depository at any time during the year
Banks and other qualified public depositories, which may bid to hold county funds and compete based on interest rates

Key Provisions
Deletes the December deadline and allows year-round selection of the county depository
Selection must be from qualified public depositories under Chapter 14A of Title 41 and, where permitted by law, choose those offering the highest interest on daily balances
Effective immediately upon governor's approval (or becoming law)

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