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AL HB100
Bill
Status
2/20/2018
Primary Sponsor
Will Ainsworth
Click for details
AI Summary
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Amends Section 11-4-41 of the Code of Alabama 1975 to remove the requirement that county commissions select a county depository on or before the first Monday in December each year.
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Allows county commissions to select a county depository at any time during the year instead of the fixed December deadline.
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Maintains the requirement that selected depositories must be qualified public depositories under Chapter 14A of Title 41.
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Preserves the requirement that county commissions select depositories offering the highest rate of interest on daily balances of bank deposits where permitted by law.
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Becomes effective immediately upon passage and approval by the Governor or upon becoming law otherwise.
Legislative Description
Co. commissions, bank depository, requirement to select in December of each year deleted, Sec. 11-4-41 am'd.
County Commissions
Last Action
Pending third reading on day 17 Favorable from County and Municipal Government
3/1/2018