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AL HB63
Bill
Status
4/4/2019
Primary Sponsor
Steve McMillan
Click for details
AI Summary
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Authorize county housing authorities to post bond sale notices electronically on websites or Internet services accessible to potential bond purchasers, in addition to or instead of newspaper publication, at least 10 days prior to sale.
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Eliminate the requirement for housing authorities to advertise construction contracts and material purchases for three weeks and publicly let them to the lowest responsible bidder.
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Exempt municipal, county, and regional housing authorities from the requirement of obtaining prior written consent from the Department of Finance before issuing and selling bonds.
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Bonds may continue to be sold to the federal government or government-sponsored enterprises at private sale without public advertisement.
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Effective on the first day of the third month following passage and approval by the Governor.
Legislative Description
County housing authorities, bonds, electronic posting of notices to potential purchasers of bonds, eliminate bids from being advertised for three weeks, Secs. 24-1-71, 24-1-83, 41-4-16 am'd.
Housing Authorities
Last Action
Read for the first time and referred to the Senate committee on Governmental Affairs
4/4/2019