SB178 Alabama 2022 Session
Bill Summary
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
Relating to local government; to amend Section 11-81-21, Code of Alabama 1975, to further provide the investment of certain municipal and county funds; and to make nonsubstantive, technical revisions to update the existing code language to current style.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| March 10, 2022 | S | Assigned Act No. 2022-146. |
| March 10, 2022 | H | Signature Requested |
| March 10, 2022 | S | Enrolled |
| March 10, 2022 | S | Passed Second House |
| March 9, 2022 | H | Motion to Read a Third Time and Pass adopted Roll Call 536 |
| March 9, 2022 | H | Third Reading Passed |
| March 2, 2022 | H | Read for the second time and placed on the calendar |
| February 22, 2022 | H | Rereferred from FS to C&MG |
| February 16, 2022 | H | Read for the first time and referred to the House of Representatives committee on Financial Services |
| February 16, 2022 | S | Motion to Read a Third Time and Pass adopted Roll Call 293 |
| February 16, 2022 | S | Third Reading Passed |
| February 8, 2022 | S | Read for the second time and placed on the calendar |
| February 2, 2022 | S | Read for the first time and referred to the Senate committee on Governmental Affairs |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | March 2, 2022 | Room 429 at 13:30 | House C&MG Hearing |
| Hearing | February 8, 2022 | Room 825 **SB143 Removed** at 13:00 | Senate GA Hearing |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB178 Alabama 2022 Session - Enrolled |
| Bill Text | SB178 Alabama 2022 Session - Introduced |
| Fiscal Note | Fiscal Note - SB178 for Governmental Affairs |
| Fiscal Note | Fiscal Note - SB178 for County and Municipal Government |
| Fiscal Note | Fiscal Note - SB178 for |