State rural electrification authorities and electric membership corporations; removes requirement for Department of Finance approval for issuance of bonds

Summary

The bill amends Alabama law to let state rural electrification authorities and electric membership corporations issue bonds or other debt without prior approval from the Department of Finance. By removing the consent and public‑hearing steps, the measure aims to speed financing for electricity projects. It takes effect on October 1, 2026.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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