Hearing
House Economic Development and Tourism Hearing
Room 429 at 12:30:00
SB315 Alabama 2025 Session
Updated Jan 14, 2026
SB315 Alabama 2025 Session
Senate Bill
In Committee
Current Status
2025 Regular Session
Session
1
Sponsor
Summary
- Primary Sponsor
-
Bobby D. Singleton SenatorDemocrat - Session
- 2025 Regular Session
- Title
- Alabama 21st Century Fund, further distribution of funds, one-time appropriation to the Department of Commerce
- Description
Under existing law, the Alabama 21st Century Authority may issue bonds for economic development and industrial recruitment purposes, secured by tobacco settlement revenues received by the State of Alabama and deposited into the Alabama 21st Century Fund.
This bill would allow the Alabama 21st Century Fund revenues to be used to pay other project costs and debt service on bonds issued by the State Industrial Development Authority. This bill would also transfer five million dollars ($5,000,000) from the Alabama 21st Century Fund to the Alabama Department of Commerce to establish additional international offices, enhance rural development strategies, and cover operational and personnel costs.
- Subjects
- Economic Development
Bill Actions
H
Read for the Second Time and placed on the Calendar
H
Reported Out of Committee Second House
H
Pending House Economic Development and Tourism
H
Read for the first time and referred to the House Committee on Economic Development and Tourism
S
Motion to Read a Third Time and Pass - Adopted Roll Call 820
S
Third Reading in House of Origin
S
Read for the Second Time and placed on the Calendar
S
Reported Out of Committee House of Origin
S
Pending Senate Fiscal Responsibility and Economic Development
S
Read for the first time and referred to the Senate Committee on Fiscal Responsibility and Economic Development
Calendar
Hearing
Senate Fiscal Responsibility and Economic Development Hearing
Finance and Taxation at 15:00:00
Bill Text
Votes
Motion to Read a Third Time and Pass - Roll Call 820
Yes
29
Absent
5
Third Reading in House of Origin
Yes
29
Absent
5
SBIR: Passed by House of Origin
Yes
29
Absent
5
Documents
Bill Text (Introduced)
SB315 Alabama 2025 Session - Introduced
Fiscal Note
Fiscal Note - Introduced
Fiscal Note
Fiscal Note - Introduced
Fiscal Note
Fiscal Note - Passed First Chamber
Source: Alabama Legislature