Alabama HB150 limits interest on assessments for public infrastructure improvements and allows county officials to aid in collection.

Alabama HB150 amends the Code of Alabama to limit the interest charged on assessments for public infrastructure improvements. The bill removes the board's option to charge a rate higher than the interest rate on the bonds issued to finance the projects. It also creates an alternative enforcement mechanism for collection and enforcement of assessments, subject to approval by the county commission.

Alabama HB150 limits interest on assessments for public infrastructure improvements and allows county officials to aid in collection.

Alabama HB150 amends the Code of Alabama to limit the interest charged on assessments for public infrastructure improvements. The bill removes the board's option to charge a rate higher than the interest rate on the bonds issued to finance the projects. It also creates an alternative enforcement mechanism for collection and enforcement of assessments, subject to approval by the county commission.