HB107 Alabama 2022 Session
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Bill Summary
Sponsors
Session
Regular Session 2022
Title
Federal Aid Highway Finance Authority, date for payment of principal and interest, further provided, Sec. 23-1-314 am'd.
Description
<p class="bill_description"> 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</p><p class="bill_description">
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</p><p class="bill_entitled_an_act"> 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.
</p>
Subjects
Highways, Roads, and Bridges
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 |