Committee: Sponsor: Chambliss
Analyst: John Friedenreich Date: 05/17/2022
FISCAL NOTE
Senate Bill 67 (Act 2022-122) as enacted removes the provision requiring the Alabama Department of Transportation to first set aside from the proceeds of bonds issued by the Alabama Federal Aid Highway Finance Authority the amount needed to pay the principal of and interest on the obligations issued by the authority, which will allow the Department to pay the principal of and interest on the obligations no later than the date the payment becomes due.