HB188 Alabama 2021 Session
Bill Summary
Under existing law, any balance in the Insurance Department Fund at the end of each fiscal year which exceeds 25 percent of the amount appropriated for that fiscal year is to be transferred to the State General Fund
This bill would direct the Commissioner of Insurance to transfer from the Insurance Department Fund to the Strengthen Alabama Homes Fund any amount remaining in the Insurance Department Fund on September 30, 2021, which exceeded 25 percent of the amount appropriated for the Insurance Department Fund for the fiscal year ending September 30, 2021
This bill would also authorize the Commissioner of Insurance to transfer to the Strengthen Alabama Homes Fund from the Insurance Department Fund up to 50 percent of the amount appropriated for each fiscal year
Relating to the Department of Insurance; to direct the Commissioner of Insurance to transfer from the Insurance Department Fund to the Strengthen Alabama Homes Fund any amount remaining in the Insurance Department Fund on September 30, 2021, which exceeded 25 percent of the amount appropriated for the Insurance Department Fund for the fiscal year ending September 30, 2021; and to authorize the Commissioner of Insurance to transfer up to 50 percent of the amount appropriated each fiscal year from the Insurance Department Fund to the Strengthen Alabama Homes Fund.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 20, 2021 | S | Further Consideration |
| April 20, 2021 | S | Orr motion to Carry Over adopted Voice Vote |
| April 20, 2021 | S | Third Reading Carried Over |
| April 13, 2021 | S | McClendon motion to Carry Over adopted Voice Vote |
| April 13, 2021 | S | Third Reading Carried Over |
| March 3, 2021 | S | Read for the second time and placed on the calendar |
| February 9, 2021 | S | Read for the first time and referred to the Senate committee on Banking and Insurance |
| February 9, 2021 | H | Motion to Read a Third Time and Pass adopted Roll Call 42 |
| February 9, 2021 | H | Third Reading Passed |
| February 3, 2021 | H | Read for the second time and placed on the calendar |
| February 2, 2021 | H | Read for the first time and referred to the House of Representatives committee on Ways and Means General Fund |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | March 3, 2021 | Room 825 at 11:00 | Senate B&I Hearing |
| Hearing | February 3, 2021 | Room 617-AMENDED 2-2-21 at 13:30 | House W&MGF Hearing |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB188 Alabama 2021 Session - Introduced |
| Fiscal Note | Fiscal Note - HB188 for Ways and Means General Fund |
| Fiscal Note | Fiscal Note - HB188 for Banking and Insurance |