SB 208·AL·senate
State rural electrification authorities and electric membership corporations; removes requirement for Department of Finance approval for issuance of bonds
FailedFiled Jan 27, 2026
Sponsor: Shay Shelnutt (R)
Latest Action
Currently Indefinitely Postponed
Apr 7, 2026
Summary
The bill would allow state rural electrification authorities and electric membership corporations to issue bonds or other debt instruments without first obtaining written consent from the Department of Finance. Removing that approval step is intended to speed up financing for power‑related projects. The measure has been indefinitely postponed and is considered failed.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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