SB293 Summary

• Appropriates $582,997 from the Education Trust Fund to Talladega College in Talladega, Alabama for fiscal year ending September 30, 2013.

• Appropriation is subject to the Budget and Financial Control Act and Budget Management Act of 1976 (Code of Alabama 1975).

• Requires Talladega College to submit an operations plan for fiscal year 2012-2013 with goals and measurable performance indicators and an audited financial statement for fiscal year 2010-2011 before funds are released.

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

• Becomes effective October 1, 2012.