Following the hearing on the petition, the hearing officer may request that the Petitioner prepare a proposed order for consideration by the Director of Finance. The proposed order shall either grant or deny the petition and may address any other matters deemed relevant by the Department. The Department shall grant its consent to the issuance or sale as requested in the petition upon its finding that such issuance or sale serves some public need and its in the public interest.

Author: Department of Finance

Statutory Authority: Code of Ala. 1975, §§41-4-16, 41-4-35.

History: Filed September 30, 1982. Repealed and New Rule: Filed September 20, 2001; effective October 25, 2001.