SB313 Alabama 2025 Session

Updated Feb 23, 2026

Notable

Summary

Primary Sponsor: Rodger SmithermanSenator
Democrat
Session: 2025 Regular Session
Title: Alabama 21st Century Authority, use of available funds further provided for
Summary: SB313 reallocates tobacco-revenue funds from the Alabama 21st Century Fund to support energy infrastructure programs and directs new transfers to related agencies, contingent on enabling legislation.
What This Bill Does
It allows funds from the Alabama 21st Century Fund that are not needed to pay debt service on bonds to be used by the State Industrial Development Authority for any of the Alabama Energy Infrastructure Bank's authorized purposes. It transfers $50,000,000 from the 21st Century Fund to the Alabama Energy Infrastructure Bank for the fiscal year ending September 30, 2025 to support the Strategic Energy Infrastructure Development Fund and other authorized uses. It also transfers $10,000,000 from the 21st Century Fund to the Alabama Incentives Financing Authority to pay for project costs, and a one-time $5,000,000 transfer to the Alabama Department of Commerce for international offices, rural development efforts, and related costs. The changes take effect June 1, 2025, contingent on the related enabling legislation creating the Energy Infrastructure Bank and the Strategic Energy Infrastructure Development Fund.

Who It Affects
State agencies and authorities (Alabama 21st Century Fund, Alabama Energy Infrastructure Bank, State Industrial Development Authority, Alabama Incentives Financing Authority, and the Alabama Department of Commerce) — will have new funding flows and purposes for energy infrastructure and related programs.
Alabama residents and businesses — could benefit indirectly from improved energy infrastructure and rural development efforts funded by these transfers.

Key Provisions
Creates and funds the Alabama 21st Century Fund with tobacco revenues and sets annual amounts to be retained in the fund to pay debt service on bonds issued by the authority (with specific retention amounts by year).
Specifies that, when revenues are not needed for debt service, they may be used by the State Industrial Development Authority for any of the Alabama Energy Infrastructure Bank's authorized purposes.
For FY ending September 30, 2025, transfers $50,000,000 from the Alabama 21st Century Fund to the Alabama Energy Infrastructure Bank to prioritize the Strategic Energy Infrastructure Development Fund and other authorized uses.
For FY ending September 30, 2025, transfers $10,000,000 from the Alabama 21st Century Fund to the Alabama Incentives Financing Authority to pay for project costs.
For FY ending September 30, 2025, a one-time transfer of $5,000,000 from the Alabama 21st Century Fund to the Alabama Department of Commerce for international offices, rural development, and operating costs.
The Alabama Energy Infrastructure Bank must prioritize the Strategic Energy Infrastructure Development Fund and may use the transferred funds for its authorized purposes.
Effective June 1, 2025, contingent on the enactment of legislation establishing the Alabama Energy Infrastructure Bank and the Strategic Energy Infrastructure Development Fund.

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