SB278 Alabama 2026 Session
Signed by Governor
Bill Summary
Sponsors
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
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.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| June 5, 2023 | H | Enacted |
| June 5, 2023 | H | Concur In and Adopt |
| June 5, 2023 | S | Concur In and Adopt |
| June 5, 2023 | S | Executive Amendment ID2824 |
| May 24, 2023 | S | Enrolled |
| May 24, 2023 | S | Concur |
| May 24, 2023 | H | Read a Third Time and Pass as Amended |
| May 24, 2023 | H | Adopt IY0F6W-1 |
| May 24, 2023 | H | Adopt F8ROD5-1 |
| May 24, 2023 | H | Adopt MY5E1W-1 |
| May 24, 2023 | H | On Third Reading in Second House |
| May 23, 2023 | H | Read Second Time in Second House |
| May 23, 2023 | H | Reported Out of Committee in Second House |
| May 23, 2023 | H | Reported Favorably from House Ways and Means Education |
| May 3, 2023 | H | Referred to Committee to House Ways and Means Education |
| May 3, 2023 | S | Read First Time in Second House |
| May 3, 2023 | S | Read a Third Time and Pass |
| May 3, 2023 | S | On Third Reading in House of Origin |
| May 2, 2023 | S | Read Second Time in House of Origin |
| May 2, 2023 | S | Reported Out of Committee in House of Origin |
| May 2, 2023 | S | Reported Favorably from Senate Finance and Taxation Education |
| May 1, 2023 | S | Introduced and Referred to Senate Finance and Taxation Education |
| May 1, 2023 | S | Read First Time in House of Origin |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | May 23, 2023 | Room 200 at 09:00:00 | House Ways and Means Education Hearing |
| Hearing | May 2, 2023 | Finance and Taxation at 10:00:00 | Senate Finance and Taxation Education Hearing |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB278 Alabama 2026 Session - Enrolled |
| Bill Text | SB278 Alabama 2026 Session - Introduced |
| Bill Amendments | House Adopt |
| Bill Amendments | House Adopt |
| Bill Amendments | House Adopt |
| Bill Amendments | Senate Executive Amendment |
| Fiscal Note | Fiscal Note - As Introduced |
| Fiscal Note | Fiscal Note - As Passed First Chamber Committee |
Source: Alabama Legislature