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HB 181

Pub. Rec./ Pawnbroker Transactions

2026 Regular Session Introduced by Bill Partington

House Bill 181 allows Alabama to issue up to $50 million in bonds for public facility renovations, funded by agency rent, enhancing state infrastructure.

Died in Judiciary Committee
#subjectindex #(adopted)
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Bill Summary · HB 181

Summary of House Bill 181

Bill Information

  • Bill Number: HB 181
  • Title: Alabama Building Renovation Authority, additional bonds authorized, bond sale provisions clarified
  • Status: Enacted
  • Introduced: February 5, 2025
  • Classification: Bill
  • Subject: Government Administration

Purpose and Intent

House Bill 181 aims to enhance the financial capabilities of the Alabama Building Renovation Finance Authority (ABRFA) by allowing it to issue additional bonds. The primary intent is to facilitate funding for various construction and renovation projects related to public office facilities, including the State Capitol.

Key Provisions

  • Bond Issuance: The bill authorizes ABRFA to issue bonds up to $50 million for specific projects as outlined in Section 41-10-456 of the Code of Alabama 1975.
  • Debt Service: The average annual debt service on these bonds is estimated to be approximately $3.9 million, assuming an average interest rate of 5% and a maturity period of 20 years. The debt service will be funded through rent collected from agencies occupying buildings owned by ABRFA.
  • Sale of Bonds: The bill clarifies that bonds may be sold through negotiation, removing the previous requirement for public notice prior to sale. This change is intended to streamline the process and enhance flexibility in bond sales.

Affected Parties

  • Alabama Building Renovation Finance Authority (ABRFA): The primary entity empowered by this bill to issue bonds.
  • State Agencies: Agencies that occupy buildings owned by ABRFA will be indirectly affected as they will contribute to the debt service through rent payments.
  • Public Office Facilities: The bill will facilitate improvements and renovations to various public office facilities, benefiting the state infrastructure.

Procedural Aspects

  • Enactment Date: The bill was enacted on May 12, 2025, following a series of legislative actions that included readings, committee reports, and approvals in both the House and Senate.
  • Legislative Timeline:
    • February 5, 2025: Bill introduced and referred to the House Committee on Ways and Means General Fund.
    • April 1, 2025: Reported out of committee and placed on the calendar for a second reading.
    • April 3, 2025: Passed in the House.
    • April 15, 2025: Read in the Senate and referred to the Finance and Taxation General Fund Committee.
    • April 29, 2025: Passed in the Senate and enrolled.
    • May 1, 2025: Delivered to the Governor for signature.

Conclusion

House Bill 181 represents a significant legislative effort to bolster the financial resources available for public infrastructure projects in Alabama. By enabling the ABRFA to issue additional bonds and simplifying the sale process, the bill aims to enhance the state's ability to maintain and improve its public office facilities.

Compiled from official sources — confirm details with the bill’s official record.

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