SB 60

Sponsor
Session
Regular Session 2018
Title
Co. commissions, bank depository, requirement to select in December of each year deleted, Sec. 11-4-41 am'd.
Description

Under existing law, on or before the first Monday in December of each year, a county commission is required to select the county depository for the following calendar year

This bill would allow a county commission to select a county depository at any time during the year

Relating to county commissions; to amend Section 11-4-41, Code of Alabama 1975, to allow a county commission to select a county depository at any time during the year.

View Original PDF: SB 60 - Introduced - PDF

Under existing law, on or before the first Monday in December of each year, a county commission is required to select the county depository for the following calendar year

This bill would allow a county commission to select a county depository at any time during the year

Relating to county commissions; to amend Section 11-4-41, Code of Alabama 1975, to allow a county commission to select a county depository at any time during the year.

Section 1

Section 11-4-41, Code of Alabama 1975, is amended to read as follows:

§11-4-41.

The county commission shall on or before the first Monday in December of each year select as the county depository, for the placing therein of county funds for the period of the following calendar year, a qualified public depository under Chapter 14A of Title 41 and, where permitted by law, shall select such qualified public depository or qualified public depositories as that offer the highest rate of interest to the county on daily balances of bank deposits."

Section 2

This act shall become effective immediately following its passage and approval by the Governor, or its otherwise becoming law.

No articles found.
Action Date Chamber Action
February 22, 2018SAssigned Act No. 2018-149.
February 22, 2018SEnrolled
February 22, 2018HSignature Requested
February 22, 2018SPassed Second House
February 20, 2018HMotion to Read a Third Time and Pass adopted Roll Call 414
February 20, 2018HThird Reading Passed
February 8, 2018HRead for the second time and placed on the calendar
February 1, 2018HRead for the first time and referred to the House of Representatives committee on County and Municipal Government
February 1, 2018SEngrossed
February 1, 2018SMotion to Read a Third Time and Pass adopted Roll Call 257
February 1, 2018SScofield motion to Adopt adopted Roll Call 256
February 1, 2018SScofield Amendment Offered
February 1, 2018SThird Reading Passed
January 18, 2018SRead for the second time and placed on the calendar
January 9, 2018SRead for the first time and referred to the Senate committee on County and Municipal Government
2018-02-20
Chamber: House
Result: Passed
2018-02-01
Chamber: Senate
Result: Passed
2018-02-01
Chamber: Senate
Result: Passed