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AL SB284
Bill
Status
4/1/2025
Primary Sponsor
Will Barfoot
Click for details
AI Summary
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Requires the Alabama Comptroller to publish all public expenditures exceeding $1,000 to a public blockchain beginning October 1, 2030, with implementation details provided by Department of Finance rules.
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Defines "public expenditures" as any transfer of money from the State of Alabama to a private person for payment of goods or services that constitutes a public record under Alabama Code Section 36-12-40.
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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 legislative and funding recommendations.
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Requires the Governor to approve the strategic plan by December 31, 2027, with the Department of Finance publishing it on its website and distributing copies to all legislators by January 10, 2028.
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Permits the Comptroller to contract with any public or private entity for implementation and clarifies that blockchain technology need not be the sole method for tracking state expenditures.
Legislative Description
Public Blockchain, creation of; inclusion of certain state expenditures.
State Government
Last Action
Pending Senate Banking and Insurance
4/1/2025