HBIR: Garrett motion to Adopt Roll Call 534
Yes
99
Absent
4
HB121 Alabama 2022 Session
Updated May 17, 2022
HB121 Alabama 2022 Session
House Bill
Expired
Current Status
Regular Session 2022
Session
1
Sponsor
Summary
- Primary Sponsor
-
Danny Garrett RepresentativeRepublican - Session
- Regular Session 2022
- Title
- Counties and municipalities, investment of certain funds in commercial paper and banker's acceptances, authorized under certain conditions, Sec. 11-81-21 am'd.
- Description
Under current law, municipal funds and county funds not needed for other purposes may be invested in certain obligations.
This bill would authorize the investment of municipal funds and county funds into commercial paper with the highest credit rating at the time of purchase, or banker's acceptances, and would prohibit the investment of those funds into closed-end management type investment companies.
This bill would also make nonsubstantive, technical revisions to update the existing code language to current style.
- Subjects
- Local GovernmentBanks and Banking
Bill Actions
H
Garrett motion to Indefinitely Postpone adopted Voice Vote
H
Garrett motion to SB178 Substitute FOR HB121 a Companion Bill adopted Voice Vote
H
Third Reading Indefinitely Postponed
H
Read for the second time and placed on the calendar
H
Read for the first time and referred to the House of Representatives committee on County and Municipal Government
Bill Text
Votes
Documents
Source: Alabama Legislature