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FISCAL NOTE
House Bill 526
Committee: Ways and Means General FundSponsor: Representative Chip Brown
Analyst: Jennifer Farish Date: 04/09/2025
House Bill 526 as introduced would allow funds in the Alabama 21st Century Fund not needed
to pay obligations of the Alabama 21st Century Authority to be used to pay: (1) project and
project costs, (2) debt service on bonds issued by the Alabama Incentives Financing Authority,
and (3) a one-time transfer of $5 million from the Alabama 21st Century Fund to the
Department of Commerce for the establishment of international offices and to increase rural
development strategy. As of March 2025, the Alabama 21st Century Fund had a balance of $74
million.