SB304 Alabama 2025 Session

Updated Jan 14, 2026

SB304 Alabama 2025 Session

Senate Bill

Enacted

Current Status

2025 Regular Session

Session

1

Sponsor

Summary

Primary Sponsor: Arthur Orr Senator
Republican
Session: 2025 Regular Session
Title: Powering Growth Act established, Alabama Energy Infrastructure Bank and the Strategic Energy Procurement Fund established under the State Industrial Development Authority to assist in obtaining equipment and providing financing for qualified energy infrastructure projects
Description: This bill would enact the Powering Growth Act.
This bill would create the Alabama Energy Infrastructure Bank as a division within the State Industrial Development Authority for the purpose of selecting and assisting in the financing of qualified energy infrastructure projects necessary to meet the energy demands of economic development and industrial recruitment projects throughout the State of Alabama.
The bill would specify sources for capitalization and liability of the bank, as well as the procedures for the bank to provide loans to electric providers.
This bill would authorize the bank to issue bonds for certain qualified projects under certain conditions, secured by various revenue sources made available to the bank.
This bill would also establish the Strategic Energy Infrastructure Development Fund within the State Treasury and provide for its funding and use by the State Industrial Development Authority, to purchase or otherwise obtain long lead-time energy infrastructure equipment and support for industrial site needs throughout the state.
This bill would require the authority to submit an SB304 INTRODUCED annual report to the Governor and the Legislature regarding the activities of the infrastructure bank and use of the strategic development fund.
Subjects: Economic Development

Bill Actions

Enacted

Enacted

Delivered to Governor

Signature Requested

Enrolled

Ready to Enroll

Orr Concur In and Adopt - Adopted Roll Call 926

Motion to Read a Third Time and Pass as Amended - Adopted Roll Call 1155

Motion to Adopt - Adopted Roll Call 1154 3P9AWZV-1

Moore (P) 1st Amendment Offered 3P9AWZV-1

Read for the Second Time and placed on the Calendar

Reported Out of Committee Second House

Pending House Economic Development and Tourism

Read for the first time and referred to the House Committee on Economic Development and Tourism

Engrossed

Motion to Read a Third Time and Pass as Amended - Adopted Roll Call 804

Orr motion to Adopt - Adopted Roll Call 803 NRF6NT8-1

Fiscal Responsibility and Economic Development 1st Amendment Offered NRF6NT8-1

Third Reading in House of Origin

Read for the Second Time and placed on the Calendar

Reported Out of Committee House of Origin

Fiscal Responsibility and Economic Development 1st Amendment NRF6NT8-1

Pending Senate Fiscal Responsibility and Economic Development

Read for the first time and referred to the Senate Committee on Fiscal Responsibility and Economic Development

Calendar

April 28, 2025

Hearing

House Economic Development and Tourism Hearing

Room 429 at 12:30:00

April 15, 2025

Hearing

Senate Fiscal Responsibility and Economic Development Hearing

Finance and Taxation at 15:00:00

Bill Text

Download Enrolled PDF

Votes

Yes 30

Absent 4

Yes 30

Absent 4

Yes 30

Absent 4

Yes 30

Absent 4

Yes 98

No 1

Absent 4

Yes 97

No 2

Absent 4

Yes 28

Absent 6

Documents

Bill Text (Enrolled) SB304 Alabama 2025 Session - Enrolled

Bill Text (Engrossed) SB304 Alabama 2025 Session - Engrossed

Bill Text (Introduced) SB304 Alabama 2025 Session - Introduced

Amendment Senate Fiscal Responsibility and Economic Development Fiscal Responsibility and Economic Development 1st Amendment

Amendment House Motion to Adopt - Adopted Roll Call 1154

Fiscal Note Fiscal Note - Introduced

Fiscal Note Fiscal Note - Reported by First Chamber Committee

Fiscal Note Fiscal Note - Passed First Chamber

Source: Alabama Legislature