The bill amends Section 14-2-12 of the Code of Alabama 1975 to authorize the Alabama Corrections Institution Finance Authority to increase the total amount of bonds issued for prison modernization to $1.285 billion. The new legal language allows the authority to issue additional bonds for the acquisition, construction, and improvement of prison facilities, with specific limits set for different phases of the project. Notably, the bill specifies that the total additional bonds authorized for the phased plan cannot exceed $1.285 billion, with provisions for the issuance of bonds to fund various phases of prison construction and renovation projects.

Additionally, the bill emphasizes the importance of minority business participation in the construction of prison facilities, encouraging the authority to adopt plans that promote the involvement of minority-owned businesses. The authority is required to monitor and report on the participation of these businesses quarterly to key legislative leaders. The act is set to become effective on July 1, 2025.

Statutes affected:
Introduced: 14-2-12
Enrolled: 14-2-12