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HB 549·AL·house

Constitutional Amendment; Department of Commerce; Lending authorized

In CommitteeFiled Mar 3, 2026
Sponsor: Lawrence
Latest Action

Pending Committee Action in House of Origin

Mar 3, 2026

Summary

The proposal adds a new section to the Alabama Constitution that authorizes the Department of Commerce to make low‑interest loans to automotive manufacturers and suppliers operating in the state. It creates an exception to the current ban on state lending, aiming to support the automotive supply chain’s resilience and growth. The amendment must be approved by voters before it takes effect.

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

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