Hearing
Senate Finance and Taxation General Fund Hearing
Finance and Taxation at 11:00:00
HB138 Alabama 2024 Session
Updated Feb 23, 2026
Notable
Summary
- Primary Sponsor
Rex ReynoldsRepresentativeRepublican- Session
- Regular Session 2024
- Title
- Supplemental appropriation of federal funds from the American Rescue Plan Act - State Small Business Credit Initiative Fund to the Department of Finance for the fiscal year ending September 30, 2024.
- Summary
HB138 provides a supplemental appropriation of ARP SSBCI funds to the Alabama Department of Finance for FY 2024, with possible delegation to the Alabama Innovation Corporation and rules for reappropriation and compliance.
What This Bill DoesIt allocates $97,943,015 in federal ARP State Small Business Credit Initiative funds to the Department of Finance for the fiscal year ending September 30, 2024. The funds may be delegated through memoranda of agreement to the Alabama Innovation Corporation or another entity designated by the Department of Finance. Any unexpended funds on September 30, 2024 are reappropriated for the same purposes starting October 1, 2024 and for future fiscal years. The administering entity and any delegates must comply with federal requirements and provide requested information in a timely manner; the act becomes effective immediately upon passage and approval.
Who It Affects- Department of Finance (and any designated administering entity such as the Alabama Innovation Corporation): will receive and manage the ARP funds and can delegate administration to other entities.
- Subrecipients or other entities receiving funds through the administering entity: must provide requested information and comply with federal requirements.
Key ProvisionsAI-generated summary using openai/gpt-5-nano on Feb 22, 2026. May contain errors — refer to the official bill text for accuracy.- Provision 1: Establishes a supplemental appropriation of $97,943,015 in ARP SSBCI funds to the Department of Finance for the fiscal year ending September 30, 2024, with potential delegation to the Alabama Innovation Corporation or other designated entity.
- Provision 2: Any unexpended funds on September 30, 2024 shall be reappropriated for the same purposes starting October 1, 2024 and for all future fiscal years, and administering/subrecipient entities must comply with federal requirements and provide requested information.
- Subjects
- Appropriations
Bill Actions
H
Enacted
H
Enacted
H
Delivered to Governor
S
Signature Requested
H
Enrolled
H
Enrolled
H
Ready to Enroll
H
Ready to Enroll
S
Motion to Read a Third Time and Pass - Adopted Roll Call 384
S
Third Reading in Second House
S
Read for the Second Time and placed on the Calendar
S
Reported Out of Committee Second House
S
Pending Senate Finance and Taxation General Fund
S
Read for the first time and referred to the Senate Committee on Finance and Taxation General Fund
H
Motion to Read a Third Time and Pass - Adopted Roll Call 192
H
Third Reading in House of Origin
H
Read for the Second Time and placed on the Calendar
H
Reported Out of Committee House of Origin
H
Pending House Ways and Means General Fund
H
Read for the first time and referred to the House Committee on Ways and Means General Fund
Calendar
Hearing
House Ways and Means General Fund Hearing
Room 617 at 13:30:00
Bill Text
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Votes
Passed House Of Origin
Yes
103
Third Reading House of Origin
Yes
90
Abstained
5
Absent
8
Motion to Read a Third Time and Pass - Roll Call 384
Yes
34
Absent
1
Third Reading in Second House
Yes
34
Absent
1
Documents
Bill Text (Enrolled)
HB138 Alabama 2024 Session - Enrolled
Bill Text (Introduced)
HB138 Alabama 2024 Session - Introduced
Fiscal Note
Fiscal Note - As Introduced
Fiscal Note
Fiscal Note - As Passed First Chamber
Fiscal Note
Fiscal Note - As Passed First Chamber
Source: Alabama Legislature