HB412 Summary

• Appropriates $185,058 from the Education Trust Fund to Lyman Ward Military Academy in Camp Hill, Alabama for fiscal year ending September 30, 2012.

• Requires submission of an operations plan for fiscal year 2011-2012 with goals and measurable performance indicators before funds are released.

• Requires submission of an audited financial statement for fiscal year 2009-2010 before funds are released.

• Mandates quarterly reports to the Director of Finance comparing actual expenditures and accomplishments to planned figures, plus an end-of-year performance report.

• Becomes effective October 1, 2011; all required reports must be forwarded to the Joint Fiscal Committee by the Director of Finance.