HB292 Summary

• Appropriates $8,813,585 from the Education Trust Fund to Tuskegee University for fiscal year ending September 30, 2013, for support and maintenance of the educational program.

• Requires at least $1,284,788 of the appropriation to be expended for the agricultural research and extension service state match.

• Mandates submission of an operations plan for fiscal year 2012-2013 and an audited financial statement for fiscal year 2010-2011 prior to fund release by the Director of Finance.

• Requires quarterly reports on actual expenditures versus planned expenditures and an end-of-year performance report detailing work accomplished, services provided, and program effectiveness measures.

• Becomes effective October 1, 2012.