The gavels sounded on Tuesday calling the 2012 regular session of the Alabama Legislature to order. That evening, the Governor gave a grim analysis of the state's finances during his annual State of the State address. Looming budget shortfalls, according to the Governor, will result in cuts from 10% to as deep as 25% or more to most state agencies. Despite the financial distress facing the state, Governor Bentley pledged to oppose any attempt to fill in the gaps with tax increases, a much welcomed commitment to a recession-weary public.

A number of issues will arise during session that has the potential to affect the home building industry. Among those is the specter of eliminating, or vastly reducing, the right of redemption time on commercial loans under foreclosure.

Throughout the session, the HBAA will keep you informed of the legislation that it is monitoring on your behalf with its weekly Legislative Alert.

On February 27-29, the HBAA's Annual Winter Meeting and Legislative Reception will be held at the Montgomery Renaissance Hotel and Convention Center. The Legislative Reception, considered among the best of the legislative season, will take place on February 28 at 5:30 pm. This year's event is made even better in that it is being held in conjunction with the 2012 Alabama's Better Living Expo (ABLE).

ABLE is Alabama's premier sustainability and energy efficiency conference. With over 60,000 sq ft and over 44 courses (100+hours of education), ABLE is designed to give professionals in residential and commercial construction, design, and trades with a first hand look at the newest technology and trends and how best to position themselves to be competitive in the ever changing face of the construction industry. ABLE is a production of the Home Builders Association of Alabama and its industry partners.

Admission to ABLE's seminars and the show floor is included in the cost of Winter Meeting registration. To learn more about ABLE and to register, go to  www.able-expo-alabama.com.