SB79 Alabama 2019 Session

Updated Feb 26, 2026

Notable

Summary

Primary Sponsor: Jimmy Holley
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: SB 79 makes bond issuance easier for county and other housing authorities by allowing electronic notices, relaxing bid advertising rules, and removing the Department of Finance's consent requirement for issuing bonds.
What This Bill Does
If enacted, bond sale notices can be posted electronically or published in newspapers with at least 10 days' notice; notices must also appear in a county newspaper and in a financial newspaper in NYC or New Orleans, or be posted online. It also eliminates the three-week bid advertisement and public letting requirement for contracts related to housing authority projects. Additionally, municipal, county, and regional housing authorities would no longer need prior written consent from the Department of Finance to issue and sell bonds, simplifying the financing process; private sales to the federal government or a government-sponsored enterprise would remain possible without public advertisement.

Who It Affects
County, municipal, and regional housing authorities would have a streamlined bond-issuance process, with electronic sale notices and relaxed bidding requirements.
Potential bond buyers, investors, and local residents would have access to bond sale notices through electronic posting or newspapers, and may encounter private-sale options for some issuances.

Key Provisions
Allows electronic posting of bond sale notices and requires at least 10 days' notice in a county newspaper and in a financial newspaper in New York City or New Orleans, or posting electronically, before bond sales; private sales to the federal government or government-sponsored enterprises are allowed without public advertisement.
Eliminates the three-week advertising and public letting requirement for bids on contracts related to housing authority projects for purchases over a minimal amount.
Exempts municipal, county, and regional housing authorities from the prior written consent of the Department of Finance to issue and sell bonds.

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