The Alabama Legal Tender Act establishes that refined gold and silver bullion, as well as specie or coins that are stamped with their weight and purity, will be recognized as legal tender in the state of Alabama. This act specifies that while these forms of currency are acknowledged as legal tender, individuals are not obligated to accept or offer them for payment of debts or other purposes, unless otherwise stipulated by contract or law.

The act will take effect on October 1, 2025, and it introduces new legal language to current law by defining the types of bullion and coins that qualify as legal tender, while also clarifying the rights of individuals regarding the acceptance of such forms of payment. There are no deletions from current law noted in the text provided.