Alabama Bank News

Capitol Notes: Budgets Signed into Law

After a long week and late night, the budgets were presented to Gov. Kay Ivey last Friday. While there
Capitol Notes: Budget Bills Barrel Towards Finish Line

Budget Bills Barrel Towards Finish Line In a relatively rare move by the Alabama Legislature, both the House and
Capitol Notes: 2023 Regular Session Nearing its End

Only seven days remain in the 2023 Regular Legislative Session. Lawmakers return on Tuesday and will meet for three
Capitol Notes: School Choice Bills Advance This Week

School Choice Bills A slate of school choice bills began to move through the legislative process this week. First,

Capitol Notes: Budgets Signed into Law

Breaking, Capitol Notes, Politics, Publications

After a long week and late night, the budgets were presented to Gov. Kay Ivey last Friday. While there was some speculation that the governor would use her authority to veto or modify the budgets, Gov. Ivey signed both the General Fund and Education ...Read More

Capitol Notes: Budget Bills Barrel Towards Finish Line

Breaking, Capitol Notes

Budget Bills Barrel Towards Finish Line In a relatively rare move by the Alabama Legislature, both the House and Senate worked diligently through the day last Thursday, past midnight, and into early Friday morning to send both the Alabama General Fund budget, Education Trust ...Read More

Capitol Notes: 2023 Regular Session Nearing its End

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

Only seven days remain in the 2023 Regular Legislative Session. Lawmakers return on Tuesday and will meet for three legislative days next week. The session must conclude by June 19, but if the current pace continues, lawmakers could adjourn sine die by the first ...Read More

Capitol Notes: School Choice Bills Advance This Week

Breaking, Industry Reports, Legal, Politics, Publications

School Choice Bills A slate of school choice bills began to move through the legislative process this week. First, Rep. Collins’ HB 363, which clarifies the funding structure for conversion charter schools and reforms the Alabama Charter Commission appointment process, passed the House on ...Read More

Capitol Notes: Senate Passes Education Trust Fund Budget

Breaking, Capitol Notes, Publications

Thursday marked the end of another grueling three-day week in the Statehouse as lawmakers moved a number of key bills through the legislative process. The Legislature has completed 18 days of the 30-day Regular Session, which must end by mid-June. Education Budget and Supplemental ...Read More

Capitol Notes: General Fund Budget Passes the House

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

The Alabama Legislature completed its 15th legislative day yesterday, which marks the halfway point of the 2023 Regular Session. Legislative activity is heating up at the Alabama Statehouse as budgets begin to move, and a number of high-profile bills begin to work their way ...Read More

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

Compliance Q&A: Beneficial Ownership Form Considerations

Breaking, Compliance Q&A, Publications

Question: When purchasing loan, do we need to collect a beneficial ownership form? If so, will collecting after the loan is purchased acceptable? Answer: IP guidance suggests that for purchased loans banks are required to ensure that the institution or broker that originated the ...Read More

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