Supplement: AL SB68 | 2022 | Regular Session | SB68 for Governmental Affairs
For additional supplements on Alabama SB68 please see the Bill Drafting List
Bill Title: Wastewater treatment facilities, loan payback period by local governing bodies extended, Sec. 22-34-11 am'd.
Status: 2022-02-15 - Assigned Act No. 2022-35. [SB68 Detail]
Download: Alabama-2022-SB68-SB68_for_Governmental_Affairs.html
Bill Title: Wastewater treatment facilities, loan payback period by local governing bodies extended, Sec. 22-34-11 am'd.
Status: 2022-02-15 - Assigned Act No. 2022-35. [SB68 Detail]
Download: Alabama-2022-SB68-SB68_for_Governmental_Affairs.html
| Committee: Governmental Affairs | Sponsor: Allen |
| Analyst: Vee Mosely | Date: 01/17/2022 |
FISCAL NOTE
Senate Bill 68 as introduced allows the Alabama Water Pollution Authority to extend the repayment period of loans issued by the Authority from 20 years currently to a period which does not exceed the expected design life of the project, if required or permitted by the Federal Clean Water Act. This could increase the total amount of interest paid by a city, county, or instrumentality thereof over the repayment period by an undetermined amount dependent upon the terms of the loan. This bill will not otherwise directly affect state or local funding.
| Jimmy Holley, Chairperson Governmental Affairs |
