(a) There is created the Contract Review Permanent Legislative Oversight Committee. The committee shall be composed of the Chairs of the Senate Finance and Taxation General Fund Committee and the Senate Finance and Taxation Education Committee and the Chairs of the House Ways and Means General Fund Committee and the House Ways and Means Education Committee, and four additional members of the Senate, to be appointed by the President of the Senate, and four additional members of the House, to be appointed by the Speaker of the House.

Terms Used In Alabama Code 29-2-40

  • Contract: A legal written agreement that becomes binding when signed.
  • Oversight: Committee review of the activities of a Federal agency or program.
(b) A member of the committee may serve on the committee as long as the member retains the office that qualified the member for service or during the term to which the member was appointed and, if reelected to the same house without a break in service to that house, during the succeeding legislative term until a successor is appointed as provided in subsection (a).