SB158 Alabama 2012 Session

Updated Jan 10, 2026

Summary

Primary Sponsor: Tammy Irons
Democrat
Co-Sponsors: William “Bill” M. Beasley Quinton Ross Bobby D. Singleton Jerry L. Fielding
Session: Regular Session 2012
Title: Small Business and Job Creation Fund, established, funded with annual transfer from Alabama Trust Fund for three years, exceptions, administration of fund by Alabama Development Office, const. amend.
Description: This bill would propose an amendment to the Constitution of Alabama of 1901, to create a Small Business and Job Creation Fund for the purpose of providing a statewide availability of funds for lending purposes to businesses forming new business entities. This bill would provide for the transfer of $50 million each year for three years from the Alabama Trust Fund to the Small Business and Job Creation Fund and would provide for administration of small business loans from the fund by the Alabama Development Office. This bill would also provide for further implementation and administration of loans from the Small Business and Job Creation Fund upon further act of the Legislature.
Subjects: Constitutional Amendments

Read for the first time and referred to the Senate committee on Finance and Taxation General Fund