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AL HB549

Bill

Official Source

Status

Introduced

3/3/2026

Primary Sponsor

Kelvin Lawrence

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Proposes adding Section 93.19 to the Constitution of Alabama of 2022, creating an exception to the state's prohibition on lending money or credit to private entities
  • Authorizes the Alabama Department of Commerce to provide low-interest loans to automotive manufacturers and suppliers operating in Alabama
  • Loans would be issued under the Automotive Supply Chain Resilience and Expansion Act
  • Requires approval by a majority of qualified voters in a statewide election to take effect
  • Introduced March 3, 2026, with 27 House sponsors and referred to the State Government Committee

Legislative Description

Constitutional Amendment; Department of Commerce; Lending authorized

Constitutional Amendments Statewide

Last Action

Pending House State Government

3/3/2026

Committee Referrals

State Government3/3/2026

Full Bill Text

No bill text available