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AL HB582

Bill

Official Source

Status

Introduced

3/20/2012

Primary Sponsor

Jay Love

Click for details

Origin

House of Representatives

Regular Session 2012

AI Summary

  • Adds Section 16-16-18 to the Code of Alabama 1975 to establish a new reporting requirement for the Public School and College Authority (PSCA).
  • Requires the PSCA to report quarterly on the interest earned on all bond proceeds issued by the authority, beginning the first quarter after the act becomes effective.
  • Mandates reports be submitted to the Joint Fiscal Committee, the Legislative Fiscal Office, the Chair of the House Ways and Means-Education Fund Committee, and the Chair of the Senate Finance and Taxation-Education Fund Committee.
  • Takes effect immediately upon passage and approval by the Governor or upon otherwise becoming law.

Legislative Description

Education, quarterly interest on bonds, Public School and College Authority report to Joint Fiscal Committee, Legislative Fiscal Office, Ways and Means - Education Fund Committee Chair, Finance and Taxation - Education Fund Committee Chair, Sec. 16-16-18 added

Education

Last Action

Indefinitely Postponed

5/9/2012

Committee Referrals

Ways and Means Education3/20/2012

Full Bill Text

No bill text available