---
type: "Bill"
title: "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."
description: "Education, Distressed Institutions of Higher Education Revolving Loan Program established within the Office of the State Treasurer, eligible institutions defined, fund established"
jurisdiction: "us/states/al"
legislature: "Alabama Legislature"
session: "2023rs"
identifier: "SB 278"
citation: "Alabama SB 278 (2023rs)"
classification: ["bill"]
subjects: ["Education"]
status: "enacted"
primary_sponsors: ["J.T. 'Jabo' Waggoner"]
version_count: 7
action_count: 23
vote_count: 8
first_action: "2023-05-02T04:00:00+00:00"
last_action: "2023-06-16T16:30:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/f32b3c25-0d21-42f0-932a-b0fc0c51072b"
source_url: "https://alison.legislature.state.al.us/bill-search"
source_hash: "3121a9ab6550eb717261398ff4ca740341eb33a8b98d9c4a3b130d08fd0ee27a"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-al"]
---

# Alabama SB 278 (2023rs) — 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.

Education, Distressed Institutions of Higher Education Revolving Loan Program established within the Office of the State Treasurer, eligible institutions defined, fund established

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced** (filed) — [source](https://www.legislature.state.al.us/pdf/SearchableInstruments/2023RS/SB278-int.pdf)
2. **Act 2023-560** (committee substitute) — [source](http://arc-sos.state.al.us/ucp/L1287030.AI1.pdf)
3. **Amendment F8ROD5-1** (committee substitute) — [source](https://www.legislature.state.al.us/pdf/SearchableInstruments/2023RS/F8ROD5-1.pdf)
4. **Amendment ID2824** (committee substitute) — [source](https://www.legislature.state.al.us/pdf/SearchableInstruments/2023RS/SB278-ID2824.pdf)
5. **Amendment IY0F6W-1** (committee substitute) — [source](https://www.legislature.state.al.us/pdf/SearchableInstruments/2023RS/IY0F6W-1.pdf)
6. **Amendment MY5E1W-1** (committee substitute) — [source](https://www.legislature.state.al.us/pdf/SearchableInstruments/2023RS/MY5E1W-1.pdf)
7. **Enrolled** (enrolled) — [source](https://www.legislature.state.al.us/pdf/SearchableInstruments/2023RS/SB278-enr.pdf)

## Votes

- Roll of the H for Vote 1165 on SB278 (2023 Regular Session) — **97–0** (pass) · lower
- Roll of the H for Vote 933 on SB278 (2023 Regular Session) — **94–1** (pass) · lower
- Roll of the S for Vote 610 on SB278 (2023 Regular Session) — **33–0** (pass) · upper
- Roll of the S for Vote 1258 on SB278 (2023 Regular Session) — **29–0** (pass) · upper
- Roll of the H for Vote 932 on SB278 (2023 Regular Session) — **88–4** (pass) · lower
- Roll of the H for Vote 934 on SB278 (2023 Regular Session) — **66–27** (pass) · lower
- Roll of the S for Vote 1094 on SB278 (2023 Regular Session) — **29–0** (pass) · upper
- Roll of the H for Vote 931 on SB278 (2023 Regular Session) — **98–3** (pass) · lower

## Sponsors

- J.T. 'Jabo' Waggoner — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2023-06-06T04:00:00+00:00** Concur In and Adopt
- **2023-06-06T04:00:00+00:00** Concur In and Adopt
- **2023-06-06T04:00:00+00:00** Executive Amendment
- **2023-05-25T04:00:00+00:00** Enrolled
- **2023-05-25T04:00:00+00:00** Concur
- **2023-05-25T04:00:00+00:00** Read a Third Time and Pass as Amended `passage`
- **2023-05-25T04:00:00+00:00** Adopt
- **2023-05-25T04:00:00+00:00** Adopt
- **2023-05-25T04:00:00+00:00** Adopt
- **2023-05-25T04:00:00+00:00** On Third Reading in Second House
- **2023-05-24T04:00:00+00:00** Read Second Time in Second House
- **2023-05-24T04:00:00+00:00** Reported Out of Committee in Second House
- **2023-05-24T04:00:00+00:00** Reported Favorably (Ways and Means Education) `committee-passage`
- **2023-05-04T04:00:00+00:00** Referred to Committee (Ways and Means Education) `referral-committee`
- **2023-05-04T04:00:00+00:00** Read First Time in Second House `reading-1`
- **2023-05-04T04:00:00+00:00** Read a Third Time and Pass `passage`
- **2023-05-04T04:00:00+00:00** On Third Reading in House of Origin
- **2023-05-03T04:00:00+00:00** Read Second Time in House of Origin
- **2023-05-03T04:00:00+00:00** Reported Out of Committee in House of Origin
- **2023-05-03T04:00:00+00:00** Reported Favorably (Finance and Taxation Education) `committee-passage`
- **2023-05-02T04:00:00+00:00** Introduced and Referred (Finance and Taxation Education) `introduction, referral`
- **2023-05-02T04:00:00+00:00** Read First Time in House of Origin `reading-1`
- **2023-06-16T16:30:00+00:00** Enacted as 2023-560 `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/f32b3c25-0d21-42f0-932a-b0fc0c51072b`. Confidence: reported (aggregated from official Alabama legislature records).