Committee: Urban and Rural Development Sponsor: Sorrells
Analyst: John Friedenreich Date: 03/09/2022
FISCAL NOTE
House Bill 458 as introduced proposes a Constitutional Amendment, which if ratified, would specify that a county or municipality would be exempt from the provisions of Section 222 of the Constitution of Alabama of 1901 which prohibit the issuance of bonds by a county or municipality without authorization by the voters.
Further, this amendment could increase the proclamation expenses of the Governor, paid from the State General Fund, by an estimated $100,000 for fiscal year 2023.
Randall Shedd, Chair Urban and Rural Development