SB242 Alabama 2020 Session
Signed by Governor
Bill Summary
Sponsors
Session
Regular Session 2020
Title
Public School and College Authority, one billion dollars in bonds authorized to be issued for capital improvement for public schools, community colleges, and other colleges
Description
<p class="bill_entitled_an_act"> To authorize the Alabama Public School and College
Authority to sell and issue $1,250,000,000 in aggregate
principal amount of additional bonds for capital improvements
for the support of public education and to use such funds for
repayment of certain debt incurred for capital improvements;
to provide funds for capital improvements for the public
schools, the Alabama Community College System, and public
institutions of higher education; to make an appropriation and
pledge for payment of the principal of and premium, if any,
and interest on the bonds from specific taxes necessary to pay
the principal and interest at their respective maturities and
to authorize the Authority to pledge for payment of the
principal of and premium, if any, and interest on the bonds
the funds that are appropriated and pledged; to provide that
the bonds shall not constitute a debt of the state but shall
be limited obligations payable out of the funds appropriated
and pledged therefor; to provide that the bonds and income
therefrom shall be exempt from all taxation in this state; to
authorize the Authority to issue refunding bonds and give
details of such refunding; to authorize the Authority to
allocate bond proceeds; and to provide that if any portion of
this Act should be held invalid such holding shall not affect
the validity of any other portion thereof.
</p>
Subjects
Bonds
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| May 7, 2020 | S | Forwarded to Governor at 5:41 p.m. on May 7, 2020 |
| May 7, 2020 | S | Assigned Act No. 2020-167. |
| May 7, 2020 | H | Signature Requested |
| May 7, 2020 | S | Enrolled |
| May 7, 2020 | S | Passed Second House |
| May 7, 2020 | H | Stringer intended to vote Yea |
| May 7, 2020 | H | Motion to Read a Third Time and Pass adopted Roll Call 468 |
| May 7, 2020 | H | Third Reading Passed |
| May 5, 2020 | H | Read for the second time and placed on the calendar |
| May 4, 2020 | H | Read for the first time and referred to the House of Representatives committee on Ways and Means Education |
| May 4, 2020 | S | Engrossed |
| May 4, 2020 | S | Motion to Read a Third Time and Pass adopted Roll Call 424 |
| May 4, 2020 | S | Orr motion to Adopt adopted Roll Call 423 |
| May 4, 2020 | S | Finance and Taxation Education Amendment Offered |
| May 4, 2020 | S | Orr motion to Adopt adopted Roll Call 422 |
| May 4, 2020 | S | Finance and Taxation Education Amendment Offered |
| May 4, 2020 | S | Third Reading Passed |
| March 5, 2020 | S | Read for the second time and placed on the calendar 2 amendments |
| February 27, 2020 | S | Read for the first time and referred to the Senate committee on Finance and Taxation Education |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | May 5, 2020 | Room 200 at 14:00 | House W&ME Hearing |
| Hearing | March 4, 2020 | Room 825 at 10:00 | Senate F&TE Hearing |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB242 Alabama 2020 Session - Introduced |
| Bill Text | SB242 Alabama 2020 Session - Engrossed |
| Bill Text | SB242 Alabama 2020 Session - Enrolled |
| Bill Amendments | Senate Finance and Taxation Education first Amendment Offered |
| Bill Amendments | Senate Finance and Taxation Education second Amendment Offered |