HB293 Summary

• Appropriates $173,276 from the Education Trust Fund to Lyman Ward Military Academy in Camp Hill, Alabama for fiscal year ending September 30, 2013.

• Requires submission of an operations plan for fiscal year 2012-2013 with goals and measurable performance indicators to the Director of Finance before funds are released.

• Requires submission of an audited financial statement for fiscal year 2010-2011 before funds are released.

• Mandates quarterly reports comparing actual expenditures and accomplishments to planned amounts, and an end-of-year performance report detailing work accomplished, services provided, and program effectiveness measures.

• Becomes effective October 1, 2012, with all required reports forwarded to the Joint Fiscal Committee.