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AL SB478
Bill
Status
5/14/2015
Primary Sponsor
Bill Holtzclaw
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AI Summary
SB478 Summary
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Amends Section 7-9A-525 of the Alabama Code to expand the authorized use of the Uniform Commercial Code Fund beginning October 1, 2015.
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Permits funds in the Uniform Commercial Code Fund to be expended for any purpose related to the administration of the Office of the Secretary of State, subject to budgeting requirements under Article 4 of Chapter 4 of Title 41.
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Maintains the existing requirement that fund expenditures must be allotted and budgeted by the Legislature in the general appropriation bill.
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Becomes effective immediately upon passage and approval by the Governor.
Legislative Description
Uniform Commercial Code Fund, used for administration of the Secretary of State, authorized, Sec. 7-9A-525 am'd.
Uniform Commercial Code
Last Action
Read for the first time and referred to the Senate committee on Governmental Affairs
5/14/2015