Bill Text: AL SB278 | 2023 | Regular Session | Enrolled

Bill Title: Relating to education; to create the Distressed Institutions of Higher Education Revolving Loan Program to be administered by the State Treasurer; to define "eligible institutions"; to authorize the State Treasurer to establish terms and conditions of loans; to require reporting of contract terms and on the operation of the program; to establish the Distressed Institutions of Higher Education Loan Program Fund in the State Treasury to receive appropriations from the Legislature for funding loans and loan repayments; and to provide for recovery of amounts due.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Passed) 2023-06-06 - Enacted [SB278 Detail]

Download: Alabama-2023-SB278-Enrolled.pdf
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