Alabama SB219 modifies the destination of service contract provider registration fees from the Service Contract Revolving Fund to the Special.

Alabama SB219 amends the Code of Alabama to change the destination of service contract provider registration fees. Instead of being paid into the Service Contract Revolving Fund, these fees will now be deposited into the Special Examination Revolving Fund. The bill also specifies that any adjustments to the registration fees must align with changes in the Consumer Price Index under existing law. Additionally, it mandates the transfer of any unencumbered and unexpended balance remaining in the Service Contract Revolving Fund to the Special Examination Revolving Fund.

Alabama SB219 modifies the destination of service contract provider registration fees from the Service Contract Revolving Fund to the Special.

Alabama SB219 amends the Code of Alabama to change the destination of service contract provider registration fees. Instead of being paid into the Service Contract Revolving Fund, these fees will now be deposited into the Special Examination Revolving Fund. The bill also specifies that any adjustments to the registration fees must align with changes in the Consumer Price Index under existing law. Additionally, it mandates the transfer of any unencumbered and unexpended balance remaining in the Service Contract Revolving Fund to the Special Examination Revolving Fund.