SBIR: Givhan motion to Adopt Roll Call 292
Yes
25
Absent
10
SB178 Alabama 2022 Session
Updated May 16, 2022
SB178 Alabama 2022 Session
Senate Bill
Enacted
Current Status
Regular Session 2022
Session
1
Sponsor
Summary
- Primary Sponsor
-
Sam Givhan SenatorRepublican - 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
S
Assigned Act No. 2022-146.
H
Signature Requested
S
Enrolled
S
Passed Second House
H
Motion to Read a Third Time and Pass adopted Roll Call 536
H
Third Reading Passed
H
Read for the second time and placed on the calendar
H
Rereferred from FS to C&MG
H
Read for the first time and referred to the House of Representatives committee on Financial Services
S
Motion to Read a Third Time and Pass adopted Roll Call 293
S
Third Reading Passed
S
Read for the second time and placed on the calendar
S
Read for the first time and referred to the Senate committee on Governmental Affairs
Bill Text
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Votes
Motion to Read a Third Time and Pass Roll Call 293
Yes
25
Absent
10
Motion to Read a Third Time and Pass Roll Call 536
Yes
101
Absent
2
HBIR: Garrett motion to Adopt Roll Call 535
Yes
101
Absent
2
Documents
Bill Text (Enrolled)
SB178 Alabama 2022 Session - Enrolled
Bill Text (Introduced)
SB178 Alabama 2022 Session - Introduced
Source: Alabama Legislature