HB63 Alabama 2019 Session

Summary

Primary Sponsor

Steve McMillan

Republican

Session

Regular Session 2019

Title

County housing authorities, bonds, electronic posting of notices to potential purchasers of bonds, eliminate bids from being advertised for three weeks, Secs. 24-1-71, 24-1-83, 41-4-16 am'd.

Summary

HB 63 would change bond issuance and bidding rules for county housing authorities by allowing electronic notices, relaxing bidding requirements, and removing Department of Finance consent for certain authorities.

What This Bill Does

First, it allows bond sale notices to be posted electronically at least 10 days before the sale as an alternative to newspaper notices in New York or New Orleans. Second, it removes the requirement that construction contracts costing more than $100 must have three weeks of bid advertising and a public letting to the lowest bidder. Third, it excludes municipal, county, and regional housing authorities from needing prior written consent from the Department of Finance to issue and sell bonds.

Who It Affects

• County, municipal, and regional housing authorities in Alabama that issue bonds would be affected by electronic posting options, relaxed bidding requirements, and the removal of the Department of Finance consent requirement.
• Potential bond purchasers and investors would have bond sale notices available electronically, potentially making information more accessible.

Key Provisions

• Adds electronic posting of bond sale notices (at least 10 days before sale) as an alternative to certain newspaper notices (24-1-71).
• Eliminates the three weeks' advertising for bids and public letting requirement for construction contracts over $100 (24-1-83).
• Excludes municipal, county, and regional housing authorities from the prior written consent requirement of the Department of Finance to issue and sell bonds (41-4-16).

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

Subjects

Housing Authorities