The bill, identified as SB123, seeks to extend the existence and operations of the State Board of Auctioneers in Alabama until October 1, 2028, in accordance with the Alabama Sunset Law. The legislation reflects the recommendations of the Sunset Committee, which has advised that the Board's functions should continue. The bill explicitly preserves the relevant code sections that govern the Board, as established in Chapter 4 of Title 34 of the Code of Alabama 1975.

The new legal language inserted into the current law includes the continuation of the State Board of Auctioneers and the effective date of the act, which is set for June 1, 2024. There are no deletions from the current law noted in the text of the bill. The bill has passed both the Senate and the House of Representatives, indicating legislative support for the continuation of the Board's activities.