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Capitol Notes: Game Plan Crosses the Goal Line; State General Fund on the Move

Breaking, Capitol Notes, Politics

This week, the Alabama Legislature completed days 11-13 of the 30-day Regular Session. The House and Senate are expected to meet for two legislative days next week. Alabama “Game Plan” Crosses the Goal Line All four state economic development incentive bills, dubbed the “Game ...Read More

Capitol Notes: Treasurer’s Bill Creating Local Government Investment Pool Declared Dead After ABA Pushback

Breaking, Capitol Notes

ABA’s lobbying team pushed back on two bills introduced in the Alabama Legislature on behalf of Treasurer Young Boozer that would have created the Alabama Local Government Investment Pool Program within the office of the State Treasurer. By allowing public entities to deposit monies ...Read More

Breaking, Capitol Notes, Industry Reports, Legal, Publications

Alabama Economic Development Incentives Returning from their Spring Break recess, members of the Alabama Legislature introduced four separate bills, what Gov. Kay Ivey’s administration has dubbed the “Game Plan,” to modernize and extend Alabama’s primary business incentives programs. The first bill pertains to the ...Read More

Capitol Notes: Regular Session Reconvenes

Capitol Notes, Industry Reports, Legal, Publications

Lawmakers met this week and reconvened the 2023 Regular Session. Below is a recap of the proceedings. Next week legislators will take spring break. Budgets Released Gov. Kay Ivey transmitted her budget proposals to the Legislature this week as the Regular Session reconvened after ...Read More

Capitol Notes: State of the State

Breaking, Capitol Notes, Politics, Publications

The Alabama Legislature gaveled in to begin the first year of its new quadrennium on Tuesday The first day of the session culminated in a joint session where Gov. Kay Ivey presented out her agenda during her State of the State address. Ivey urged ...Read More

Automatic Loan Payment Cancellation Considerations

Capitol Notes, Compliance Q&A, Publications

Q: Would it be a requirement of any regulation for an institution to get a written cancellation request from a borrower to cancel automatic loan payments from a deposit account? We hold the Note and the account. Do we need the request to be ...Read More

Alabama Election Overview

Breaking, Capitol Notes, Politics, Publications

(courtesy of Alabama Daily News) Governor Gov. Kay Ivey turned back eight primary challengers to win the Republican gubernatorial nomination without a runoff Tuesday earning about 55% of the vote. Blanchard, who served as an ambassador under former President Donald Trump, finished second at ...Read More

CAPITOL NOTES: Legislature Adjourns Sine Die

Breaking, Capitol Notes

MONTGOMERY, ALA., April 11, 2022 — The Alabama Legislature adjourned sine die last Thursday just before midnight. The last week of the session was eventful and at times dramatic. Legislative leadership expects Gov. Kay Ivey to call them back with a special session to ...Read More

CAPITOL NOTES: Legislature Adjourns Sine Die

Breaking, Capitol Notes, Industry Reports, Legal, Politics, Publications

MONTGOMERY, ALA., April 11, 2022 — The Alabama Legislature adjourned sine die last Thursday just before midnight. The last week of the session was eventful and at times dramatic. Legislative leadership expects Gov. Kay Ivey to call them back with a special session to ...Read More

Legislature Prepares to Wind Down 2022 Regular Session

Breaking, Capitol Notes, Industry Reports, Publications

MONTGOMERY, ALA., April 4, 2022 — Only four legislative days remain in the 2022 Regular Session. Right now, there appears to be growing momentum for the Legislature to finish the session and adjourn sine die next week. To accomplish that goal, lawmakers would need ...Read More

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