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SB31 Alabama 2024 Session

Updated Jan 14, 2026
SB31 Alabama 2024 Session
Senate Bill
Expired
Current Status
Regular Session 2024
Session
1
Sponsor

Summary

Session
Regular Session 2024
Title
Distressed Institutions of Higher Education Revolving Loan Program amended, loan qualifications revised, administering agency changed
Description

Under Act 2023-560 of the 2023 Regular Session, the Distressed Institutions of Higher Education Revolving Loan Program was established under the State Treasurer to provide loans to certain eligible institutions experiencing financial hardship that could lead to closure of the institution.

This bill would define the purpose of the program, change the administrator of the program to the Alabama Commission on Higher Education, more specifically define eligible institutions to which loans shall be made, and establish certain terms and conditions of loans to eligible institutions.

Subjects
Education

Bill Actions

H

Read for the Second Time and placed on the Calendar

H

Reported Out of Committee Second House from House Ways and Means Education RLX3NYM-1

H

Ways and Means Education 3rd Amendment MB8SWH1-1

H

Ways and Means Education 2nd Amendment LL97WAW-1

H

Ways and Means Education 1st Amendment 2H6CISS-1

H

Ways and Means Education 1st Substitute KLGGUAU-1

H

Pending House Ways and Means Education

H

Read for the first time and referred to the House Committee on Ways and Means Education

S

Engrossed

S

Motion to Read a Third Time and Pass as Amended - Adopted Roll Call 158

S

Waggoner motion to Adopt - Adopted Roll Call 157 YS9ZN26-1

S

Waggoner Substitute Offered YS9ZN26-1

S

Waggoner motion to Table - Adopted Voice Vote BK32Q4Q-1

S

F&TE Amendment Offered BK32Q4Q-1

S

Third Reading in House of Origin

S

Committee Amendment Adopted BK32Q4Q-1

S

Waggoner amendment adopted

S

Read for the Second Time and placed on the Calendar

S

Reported Out of Committee House of Origin

S

Pending Senate Finance and Taxation Education

S

Read for the first time and referred to the Senate Committee on Finance and Taxation Education

Calendar

Hearing

House Ways and Means Education Hearing

Room 200 at 09:00:00

Hearing

House Ways and Means Education Hearing

Room 617 at 11:30:00

Hearing

Senate Finance and Taxation Education Hearing

Finance and Taxation at 10:00:00

Bill Text

Votes

Third Reading in House of Origin

March 5, 2024 Senate Passed
Yes 26
No 2
Absent 7

Waggoner substitution YS9ZN26-1

March 5, 2024 Senate Passed
Yes 27
No 2
Absent 6

Waggoner motion to Table - Voice Vote BK32Q4Q-1

March 5, 2024 Senate Passed
Yes 26
No 2
Absent 7

Documents

Source: Alabama Legislature