Alabama HB 431: 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.

Status: Read First Time in House of Origin (as of 2023-05-03)

State: Alabama · Session: 2023rs · Bill: HB 431

Subjects: Education

Sponsors: Juandalynn Givan

View Alabama HB 431 on LegisTrack → — full text, sponsors, votes, campaign finance, and cross-state matches.