Senate Finance and Taxation General Fund Hearing
Finance and Taxation at 11:00:00

SB155 creates a grant program and dedicated fund to invest federal coal lease revenues into coal-impacted Alabama communities and related economic development initiatives.
Establishes the Coal-Impacted Communities Economic and WorkForce Development Grant Program to award grants to eligible local development organizations for regional economic and workforce initiatives in coal-impacted communities. Creates the Renewing Coal-Impacted Communities Act Fund in the State Treasury to administer grant funds for the program, financed by revenues from rents and royalties of federal coal lease sales beginning after January 1, 2027. Designates Fayette, Jefferson, Tuscaloosa, and Walker counties as coal-impacted communities and creates an Advisory Committee to review applications and make recommendations, with members reflecting state diversity. Directs revenues from federal coal lease sales to be distributed first to the State General Fund, then to the Port Authority for the McDuffie Coal Terminal, then to the Alabama Surface Mining Commission, with the remainder funding the grant program.
Pending House Ways and Means General Fund
Read for the first time and referred to the House Committee on Ways and Means General Fund
Engrossed
Motion to Read a Third Time and Pass as Amended - Adopted Roll Call 329
Singleton motion to Adopt - Adopted Roll Call 328 ARDHWS7-1
Finance and Taxation General Fund 1st Amendment Offered ARDHWS7-1
Third Reading in House of Origin
Read for the Second Time and placed on the Calendar
Reported Out of Committee House of Origin
Finance and Taxation General Fund 1st Amendment ARDHWS7-1
Pending Senate Finance and Taxation General Fund
Read for the first time and referred to the Senate Committee on Finance and Taxation General Fund
Finance and Taxation at 11:00:00
Source: Alabama Legislature