Senate Banking and Insurance Hearing
Room 807 at 11:30:00

SB284 would require state expenditures over $1,000 to be published on a public blockchain and create a strategic plan to implement this requirement.
Starting October 1, 2030, the Comptroller must publish all public expenditures to a public blockchain. The Department of Finance, in collaboration with the Office of Information Technology, must develop and submit a strategic plan to implement this requirement, including recommendations on needed legislation or funding, with a Governor-approved timeline and public release. The bill allows contracting with public or private entities to carry out the work and notes that blockchain should not be the only method used to track expenditures.
Pending Senate Banking and Insurance
Read for the first time and referred to the Senate Committee on Banking and Insurance
Room 807 at 11:30:00
Source: Alabama Legislature