SB317 Summary

• Amends Section 41-10-803 of the Code of Alabama 1975 to establish staggered terms for the Alabama Innovation Corporation's board of directors.

• The board consists of five ex officio directors (Governor, House Speaker, Senate President Pro Tempore, and House and Senate minority caucus leaders) and six at-large directors appointed by the Governor.

• At-large directors serve two-year terms with staggered expirations: for directors serving October 1, 2025, two terms expire December 31, 2025; two expire December 31, 2026; and two expire December 31, 2027.

• At-large directors are limited to two consecutive terms but may be reappointed after a two-year absence, and the Governor may remove them at any time for any reason.

• The act becomes effective October 1, 2025.