Loading chat...
AL HB523
Bill
Status
5/20/2013
Primary Sponsor
Juandalynn Givan
Click for details
AI Summary
HB523 Summary
-
Applies to Class 1 municipalities and allows city councils to adopt an ordinance changing the fiscal year from July 1-June 30 to October 1-September 30.
-
Provides for a one-time transitional financial reporting period of either 3 months (July 1-September 30) or 15 months (July 1-September 30 of the following year) at the council's election.
-
Changes budget submission deadline to August 20th and general fund budget adoption deadline to September 20th for municipalities operating under the October 1-September 30 fiscal year.
-
Requires budget hearing notices be published at least once in any newspaper of general circulation in the city at least seven days prior to the hearing, not limited to daily newspapers.
-
Ratifies and confirms prior actions by Class 1 municipalities that published budget hearing notices in non-daily newspapers prior to the act's effective date.
Legislative Description
Class 1 municipalities, (Birmingham), fiscal year city council authorized October 1, to move start date to deadlines for submission of budget proposal and adoption of general fund budget, budget hearing, publication of notice of meeting, Act 452, 1955 Reg. Sess.; Act 792, 1973 Reg. Sess., am'd.
Class 1 Municipalities
Last Action
Delivered to Governor at 10:45 p.m. on May 20, 2013.
5/20/2013