HB107 Alabama 2022 Session
Bill Summary
Under existing law, the State Department of Transportation is required to set aside the first monies received out of the revenues pledged to the obligations of the Alabama Federal Aid Highway Finance Authority in each fiscal year and deposit the same in a sinking fund established within the State Treasury until there shall have been accumulated therein an amount at least sufficient to pay the principal of and interest on the obligations
This bill would provide that the pledged revenues instead be deposited into the sinking fund no later than the date for payment of the principal of and interest on the obligations
Relating to the Alabama Federal Aid Highway Finance Authority; to amend Section 23-1-314, Code of Alabama 1975, to provide further for the date for payment of the principal of and interest on the obligations issued by the authority.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 17, 2022 | S | Read for the first time and referred to the Senate committee on Transportation and Energy |
| February 16, 2022 | H | Motion to Read a Third Time and Pass adopted Roll Call 185 |
| February 16, 2022 | H | Third Reading Passed |
| February 9, 2022 | H | Read for the second time and placed on the calendar |
| January 11, 2022 | H | Read for the first time and referred to the House of Representatives committee on Transportation, Utilities and Infrastructure |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | February 9, 2022 | Room 429 at 09:00 | House TU&I Hearing |
| Hearing | February 9, 2022 | Room 429 at 07:00 | House TU&I Hearing |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB107 Alabama 2022 Session - Introduced |
| Fiscal Note | Fiscal Note - HB107 for Transportation, Utilities and Infrastructure |