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AL HB484

Bill

Status

Introduced

4/1/2025

Primary Sponsor

Mike Shaw

Click for details

Origin

House of Representatives

2025 Regular Session

AI Summary

  • Requires the Alabama Comptroller to publish all public expenditures exceeding $1,000 to a public blockchain beginning October 1, 2030, with publication rules set by the Department of Finance.

  • Defines "public expenditures" as transfers of state money to private persons for goods or services that constitute public records under Alabama law.

  • Mandates the Department of Finance, in consultation with the Office of Information Technology, to develop and submit a strategic plan to the Governor by September 30, 2027, including recommendations on required legislation and funding.

  • Requires the Governor to approve the strategic plan by December 31, 2027, with publication on the Department of Finance website and distribution to all legislators by January 10, 2028.

  • Permits the Comptroller to contract with any public or private entity for implementation and clarifies the act does not require blockchain as the sole method for tracking state expenditures.

Legislative Description

Public Blockchain, creation of; inclusion of certain state expenditures.

State Government

Last Action

Re-referred to Committee in House of Origin to House Ways and Means General Fund

4/8/2025

Committee Referrals

Financial Services4/1/2025

Full Bill Text

No bill text available