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AL HB484
Bill
Status
5/1/2012
Primary Sponsor
Joseph Hubbard
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AI Summary
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Amends Section 2-6-108, Code of Alabama 1975 to authorize the Agriculture Center Board, the Garrett Coliseum Redevelopment Corporation, or any other entity managing the coliseum to purchase coverage under the state's umbrella insurance policy.
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Allows the corporation or Agriculture Center Board to enter into management and operations agreements with public or private entities through an open and competitive selection process.
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Requires all receipts, revenues, and income from coliseum operations be used solely for property maintenance and debt service on corporation bonds.
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Prohibits commingling of coliseum revenues with state-appropriated funds and prevents revenues from reverting to the state General Fund.
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Becomes effective on the first day of the third month following passage and approval by the Governor.
Legislative Description
Garrett Coliseum Agriculture, the Garrett Coliseum Redevelopment Corporation, and managing entities authorized to buy into state's umbrella insurance coverage, Act 2011-575, 2011 Reg. Sess., am'd; Sec. 2-6-108 am'd
Agriculture
Last Action
Read for the first time and referred to the Senate committee on Finance and Taxation General Fund
5/1/2012