SB124INTRODUCED Page 0 SB124 2ZXQIKS-1 By Senator Kelley RFD: Fiscal Responsibility and Economic Development First Read: 20-Feb-24 1 2 3 4 5 2ZXQIKS-1 10/11/2023 KMS (L) cr 2023-3064 Page 1 First Read: 20-Feb-24 SYNOPSIS: Under existing law, termination dates are established for enumerated state agencies. The agencies are periodically reviewed by the Alabama Sunset Committee. After the review process is completed, the committee prepares its recommendations for the agencies to the Legislature in the form of sunset bills which either continue, terminate, or continue with modification each agency reviewed. This bill would provide for the continuance of the Alabama Security Regulatory Board until October 1, 2027. A BILL TO BE ENTITLED AN ACT Relating to the Alabama Sunset Law; to continue the existence and functioning of the Alabama Security Regulatory Board until October 1, 2027. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA: Section 1. Pursuant to the Alabama Sunset Law, the Sunset Committee recommends the continuance of the Alabama Security Regulatory Board until October 1, 2027. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 SB124 INTRODUCED Page 2 Security Regulatory Board until October 1, 2027. Section 2. The existence and functioning of the Alabama Security Regulatory Board, created and functioning pursuant to Chapter 27C of Title 34, Code of Alabama 1975, is continued until October 1, 2027, and those code sections are expressly preserved. Section 3. The Legislature concurs in the recommendations of the Sunset Committee as provided in Sections 1 and 2. Section 4. This act shall become effective June 1, 2024. 29 30 31 32 33 34 35 36 37 38