SB100 Alabama 2024 Session

Updated Feb 23, 2026

Summary

Primary Sponsor: Donnie ChesteenSenator
Republican
Session: Regular Session 2024
Title: Establishing the Board of Medical Scholarship Awards Fund
Summary: SB100 creates a dedicated Board of Medical Scholarship Awards Fund in the State Treasury to fund scholarships and loans to Alabama medical students, financed by repayments, gifts, grants, and bequests, effective October 1, 2024.
What This Bill Does
The bill creates the Board of Medical Scholarship Awards Fund in the State Treasury and requires all money the board receives from loan repayments, fees, gifts, donations, grants, and bequests to be deposited into this fund and continuously appropriated to provide scholarships or loans to medical students. The board must set annual administrative expense rules, and those expenses may be paid from the fund or other sources available to the board. The act also states it is declaratory of existing law and does not change current law, with an effective date of October 1, 2024.

Who It Affects
Medical students who may receive scholarships or loans funded by the new Board of Medical Scholarship Awards Fund
The Board of Medical Scholarship Awards and the State Treasury, which will manage the fund and disburse funds
Donors, lenders, and other fund sources (gifts, grants, bequests, and loan repayments) whose contributions will be deposited into the fund

Key Provisions
Creates the Board of Medical Scholarship Awards Fund in the State Treasury and requires all monies received by the board from specified sources to be deposited into the fund and continuously appropriated for scholarships or loans to medical students
The board must establish fiscal requirements for its annual administration expenses, which may be paid from the fund or other sources available to the board
The act is declaratory of existing law and does not constitute a change in existing law, with an effective date of October 1, 2024

AI-generated summary using openai/gpt-5-nano on Feb 22, 2026. May contain errors — refer to the official bill text for accuracy.
Subjects: Authorities, Boards, & Commissions