Bill > SB284

This bill establishes a requirement for Alabama's Comptroller to publish all public expenditures over $1,000 on a public blockchain starting October 1, 2030. The bill first defines key terms: "blockchain" as a shared, cryptographically secured digital ledger that automatically updates across a network, and "public expenditures" as state transfers of money to private entities that are considered public records. To prepare for this implementation, the Department of Finance must develop a strategic plan by September 30, 2027, detailing the legislative and funding requirements for blockchain expenditure tracking. The Governor must approve this strategic plan by December 31, 2027, and the Department of Finance must then publish the plan online and distribute it to all legislators. The bill explicitly notes that the state is not required to exclusively use blockchain for expenditure tracking, allowing flexibility in implementation. The bill itself will become effective on October 1, 2025, giving state agencies several years to prepare for the new transparency requirement.

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