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AL HB178
Bill
Status
4/19/2016
Primary Sponsor
Mike Hill
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AI Summary
HB178 Summary
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Amends Code of Alabama Sections 7-9A-523, 7-9A-525, and 10A-1-4.31 to authorize the Uniform Commercial Code Fund, Secretary of State's Information Bulk Sales Fund, and Secretary of State Entity Fund to be used for administration of the Office of the Secretary of State.
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Changes the Uniform Commercial Code Fund from restricted use (only for carrying out UCC law provisions) to allow expenditures for any purpose related to Secretary of State administration, subject to allotment and budgeting requirements and legislative appropriation approval.
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Modifies the Information Bulk Sales Fund to allow expenditures for any purpose related to Secretary of State administration, rather than any purpose without restriction, subject to allotment and budgeting requirements.
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Permits the Secretary of State Entity Fund to be used for Secretary of State administration purposes, provided funds are allotted and budgeted in accordance with law and legislative appropriation bills.
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Becomes effective immediately upon passage and approval by the Governor or upon otherwise becoming law.
Legislative Description
Uniform Commercial Code Fund, Information Bulk Sales Fund, and Secretary of State Fund, used for administration of the Secretary of State, authorized, Sec. 7-9A-523, 7-9A-525, 10A-1-4.31 am'd.
Uniform Commercial Code
Last Action
Read for the first time and referred to the Senate committee on Transportation and Energy
4/19/2016