Alabama Security Regulatory Board

The Alabama Security Regulatory Board convened to discuss several key issues. The board addressed the submission of a financial budget to the State of Alabama for the remainder of 2010, as required by state law. They reviewed bids for the position of executive director and decided to pursue further discussions with Warren & Company, focusing on the company's role in improving the board's financial standing and meeting legislative directives. Additionally, a motion was passed to include the opening and closing time in the board's meeting records.

The meeting included discussions and actions on several key items. The Board reviewed and approved a contract with Warren & Company, Inc. for administrative services, with an added provision ensuring payment is contingent on available funds. A request was made to the Department of Finance Emergency Fund for $20,000, to be paid by September 30, 2010. The Board also acknowledged the waiver of legal service fees by the Attorney General's Office, due to the Board's current financial situation. The Oath of Offices for public officials and the status of the Rules Committee were discussed.

The Alabama Security Regulatory Board convened to discuss several key issues. The chairman reported on attempts to secure operating funds for the fiscal year 2010, noting the board would likely need to rely on its operational fees. A proposed contract for hiring an executive director was presented and reviewed, with plans to publish the contract and solicit bids. The board also announced a training session scheduled for January 21, 2010.

The meeting focused on the establishment of the Alabama Security Regulatory Board, including discussions on the struggles faced in passing the legislation. The board elected Burke Swearningen as chairman/president and Carol Dodgen as vice chair-person/vice president. Doyle Lemaster was appointed as the secretary of the board. The board discussed the procedure for hiring an executive director and authorized Todd Hughes to draft a job description and contract terms. There was also a discussion regarding securing funding for operating costs.

The meeting focused on discussing the possibility of lowering the bid submitted by Keith Warren for his company to provide services as executive director. The board members checked Mr. Warren's references and reputation and discussed the conditions of employment, including salary and length of employment. Mr. Warren agreed to accept a payment of $2,750.00 per month/$33,000.00 annually. The board decided that Mr. Warren would draft a contract of employment for review, with his employment becoming official on April 1, 2010, if the contract is in order. Additionally, the establishment of a rules committee was discussed and approved.