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AL HB55

Bill

Official Source

Status

Introduced

1/9/2018

Primary Sponsor

Kyle South

Click for details

Origin

House of Representatives

Regular Session 2018

AI Summary

HB 55 Summary

  • Amends Section 8-6-56 of the Code of Alabama 1975 regarding the Securities Commission Director's salary
  • Requires the Securities Commission to set the Director's salary within the Attorney IV Merit System classification range, subject to approval by the State Personnel Board
  • Removes the previous provision allowing the Commission to independently set the salary within the Attorney IV range without State Personnel Board approval
  • Director must meet qualifications including good moral character, at least 30 years old, Alabama resident, Alabama bar member, and knowledge of corporate organization and securities
  • Becomes effective on the first day of the third month following passage and approval by the Governor

Legislative Description

Securities Commission, directors salary to be fixed by commission with approval of State Personnel Board, Sec. 8-6-56 am'd.

Securities Commission

Last Action

South motion to Indefinitely Postpone adopted Voice Vote

2/8/2018

Committee Referrals

State Government1/9/2018

Full Bill Text

No bill text available