Under existing law, a local governing body may receive a loan from the Alabama Water Pollution Control Authority to provide for construction expenses of a wastewater treatment facility. The loan must be repaid within 20 years after completion of construction.
This bill would allow the repayment period on a loan to be extended for a period of time consistent with federal law, provided the repayment period does not exceed the expected design life of the project.
Wood (R) motion to Indefinitely Postpone adopted Voice Vote
Wood (R) motion to Substitute SB68 for HB34 adopted Voice Vote
Third Reading Indefinitely Postponed
Read for the second time and placed on the calendar
Read for the first time and referred to the House of Representatives committee on Transportation, Utilities and Infrastructure
Source: Alabama Legislature