HB73 Summary

• Amends Section 24-9-5 of the Code of Alabama 1975 to allow the Administrator of the Alabama Credit Union Administration to appoint a designee to serve on the Alabama Land Bank Authority Board.

• The designee provision aligns with existing board member designee authority granted to other state officials including the Presiding Officer of the Senate, Speaker of the House, and various department heads.

• The Alabama Land Bank Authority Board continues to consist of four residents appointed by the Governor, two nonprofit housing representatives, and representatives from multiple state agencies and legislative committees.

• Board members serve four-year terms with expense reimbursement but no additional compensation, and the board must maintain inclusive membership reflecting the state's racial, gender, geographic, urban/rural, and economic diversity.

• The act became effective immediately upon passage and approval by the Governor.