At 11:30 the Banking and Insurance Committee met. We debated a handful of bills, most notably one dealing with Pay-Day Lending. This bill increased the minimum amount borrowed from $500 to $1000 per loan. There was some discussion with this bill regarding the interest rate that could be charged for loans currently and the bill was carried over to allow these questions to be addressed.
I had two meetings at 3PM this afternoon; a Senate Committee meeting and a House Committee meeting with bills in both committees....creating a dilemma of sorts for me! Thankfully the House Committee members moved my bill regarding a Veteran’s Preference for State Government without me being present as I was hung up in the Senate Committee debating a bill that would allow – better put; clarify laws allowing rewards programs that provide a price discount on gasoline when combined with other purchases. I’ve sponsored this bill in years past and many examples exist where rewards programs are currently operating. The rub comes in with some “big box” grocery stores not offering these types of rewards programs in Alabama due to conflicting view of how the law reads. After some debate the bill passed the Senate committee.
I’ll start tomorrow morning chairing the monthly Contract Review Committee meeting; we’ll review 51 contracts totaling $24.8M in state and federal spending....great way to start the day! The Senate will go into session at 10AM.
Semper Fi - Bill