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SB278 Alabama 2023 Session

Updated Jan 14, 2026
SB278 Alabama 2023 Session
Senate Bill
Enacted
Current Status
Regular Session 2023
Session
1
Sponsor

Summary

Session
Regular Session 2023
Title
Relating to education; to create the Distressed Institutions of Higher Education Revolving Loan Program to be administered by the State Treasurer; to define "eligible institutions"; to authorize the State Treasurer to establish terms and conditions of loans; to require reporting of contract terms and on the operation of the program; to establish the Distressed Institutions of Higher Education Loan Program Fund in the State Treasury to receive appropriations from the Legislature for funding loans and loan repayments; and to provide for recovery of amounts due.
Description

This bill would create the Distressed Institutions of Higher Education Revolving Loan Program to be administered by the State Treasurer for the purpose of providing loans to eligible higher education institutions who are experiencing financial hardship.

Bill Actions

H

Enacted

H

Concur In and Adopt

S

Concur In and Adopt

S

Executive Amendment ID2824

S

Enrolled

S

Concur

H

Read a Third Time and Pass as Amended

H

Adopt IY0F6W-1

H

Adopt F8ROD5-1

H

Adopt MY5E1W-1

H

On Third Reading in Second House

H

Read Second Time in Second House

H

Reported Out of Committee in Second House

H

Reported Favorably from House Ways and Means Education

H

Referred to Committee to House Ways and Means Education

S

Read First Time in Second House

S

Read a Third Time and Pass

S

On Third Reading in House of Origin

S

Read Second Time in House of Origin

S

Reported Out of Committee in House of Origin

S

Reported Favorably from Senate Finance and Taxation Education

S

Introduced and Referred to Senate Finance and Taxation Education

S

Read First Time in House of Origin

Calendar

Hearing

House Ways and Means Education Hearing

Room 200 at 09:00:00

Hearing

Senate Finance and Taxation Education Hearing

Finance and Taxation at 10:00:00

Bill Text

Votes

Read a Third Time and Pass

May 3, 2023 Senate Passed
Yes 33
Abstained 1
Absent 1

Read a Third Time and Pass as Amended

May 24, 2023 House Passed
Yes 66
No 27
Abstained 8
Absent 4

Adopt IY0F6W-1

May 24, 2023 House Passed
Yes 94
No 1
Abstained 8
Absent 2

Adopt F8ROD5-1

May 24, 2023 House Passed
Yes 88
No 4
Abstained 7
Absent 6

Concur In and Adopt

June 5, 2023 House Passed
Yes 97
Abstained 5
Absent 2

Documents

Source: Alabama Legislature