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Committee approves bill letting Alabama Port Authority set its own asset-tracking threshold
Summary
A legislative committee approved HB 903 to let the Alabama Port Authority adopt its own procedures for tracking inventory and capital items, removing a uniform $500-per-item tracking requirement and aiming to reduce administrative burden.
A House committee approved HB 903 at a meeting to allow the Alabama Port Authority to adopt its own procedures for tracking equipment and other items, removing a uniform $500-per-item tracking requirement.
Sponsor Representative Brown, speaking to the committee, said the current rule requires the port to track every item purchased at $500 or more “at the time of purchase,” including equipment bought decades ago, and that requirement imposes…
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