HB45 Alabama 2018 Session

Summary

Primary Sponsor

Kyle South

Republican

Session

Regular Session 2018

Title

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

Summary

HB45 would require the Director of the Securities Commission's pay to be fixed by the Commission with approval from the State Personnel Board, and its pay progression to match other Merit System employees.

What This Bill Does

Currently, the Director's salary is set by the Securities Commission within the Attorney IV range. The bill would shift this so the Commission fixes the salary but with the approval of the State Personnel Board. It also requires the director's pay progression to be consistent with other state Merit System employees.

Who It Affects

• Director of the Securities Commission — the salary would be set by the Commission with State Personnel Board approval, and the progression would follow Merit System rules.
• State Personnel Board — would approve the director's salary under the new arrangement.

Key Provisions

• Salary of the Director of the Securities Commission shall be fixed by the Commission in the salary range payable to Attorney IV, as determined and set by the Commission with the approval of the State Personnel Board.
• The salary progression of the Director shall be consistent with that of other state Merit System employees.
• Amends Section 8-6-56, Code of Alabama 1975 to implement the new salary-setting and progression rules.
• Effective date: becomes effective on the first day of the third month after passage and 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