SR59 Alabama 2020 Session

Summary

Session

Regular Session 2020

Title

Senate, Special Order Calendar

Summary

SR59 designates SB242 as the Senate's special order of business for up to 15 legislative days to consider a bond program for capital improvements to schools and colleges.

What This Bill Does

It places SB242 on the Senate's special order calendar with priority over other business for up to 15 days. SB242 would authorize issuing up to $1 billion in bonds for capital improvements to public schools, community colleges, and other colleges under the Investing in Alabama's Future Act. The bonds would be repaid using pledged tax revenues, including utility and sales and use taxes. The Public School and College Authority would be involved in issuing and overseeing the program.

Who It Affects

• Public schools, community colleges, and other colleges in Alabama (potential capital funding for improvements).
• Taxpayers and utility customers in Alabama (revenues from certain taxes would be pledged to back the bonds).
• Public School and College Authority (would issue/manage the bond program).

Key Provisions

• Designates SB242 as the special, paramount, continuing order of business for up to the fifteenth Legislative Day, taking precedence over all other matters.
• Authorizes SB242 to issue up to $1,000,000,000 in bonds for capital improvements to public schools, community colleges, and other colleges.
• Pledges tax revenues (including utility and sales and use taxes) to secure or back the bond issuance under the Investing in Alabama's Future Act.
• Identifies the Public School and College Authority as the entity involved in issuing and overseeing the bonds.

AI-generated summary using openai/gpt-5-nano on Feb 23, 2026. May contain errors — refer to the official bill text for accuracy.