Alabama HB549 proposes a constitutional amendment to allow the Department of Commerce to offer low-interest loans to automotive manufacturers and.
Alabama HB549 proposes an amendment to the Constitution of Alabama of 2022, allowing the Alabama Department of Commerce to provide low-interest loans to automotive manufacturers and suppliers operating within the state. This amendment aims to support the Automotive Supply Chain Resilience and Expansion Act by enabling financial assistance to the automotive industry. The amendment requires approval by a majority of qualified electors in a state election.
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