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AL SB391
Bill
Status
5/2/2013
Primary Sponsor
Linda Coleman-Madison
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AI Summary
SB391 Summary
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Authorizes the governing body of any Class 1 municipality to adopt an ordinance establishing a fiscal year beginning October 1 and ending September 30, instead of the current July 1 to June 30 fiscal year.
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Allows a one-time transition to the new fiscal year using either a 3-month period (July 1 to September 30) or a 15-month period (July 1 of one year to September 30 of the following year), as elected by the council.
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Amends budget submission and adoption deadlines when a municipality adopts the October 1 to September 30 fiscal year: the mayor must submit proposed budgets by August 20th and the council must adopt the general fund budget by September 20th.
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Permits budget hearing notices to be published in newspapers that are not published daily, rather than requiring publication only in daily newspapers.
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Ratifies and confirms any prior actions by Class 1 municipalities that published budget hearing notices in non-daily newspapers before this 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
Pending third reading on day 30 Favorable from Jefferson County Legislation
5/9/2013