Alabama HB419 shifts service contract provider registration fees to the Special Examination Revolving Fund.
Alabama HB419 modifies the handling of service contract provider registration fees. It mandates that these fees be deposited into the Special Examination Revolving Fund instead of the Service Contract Revolving Fund. The bill also clarifies that any adjustments to the registration fees align with changes in the Consumer Price Index. Additionally, it requires any unencumbered and unexpended balance in the Service Contract Revolving Fund to be transferred to the Special Examination Revolving Fund. The changes are set to take effect on October 1, 2026.
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