SB136 Summary

• Appropriates $582,997 from the Education Trust Fund to Talladega College in Talladega, Alabama for fiscal year ending September 30, 2014.

• Requires submission of an operations plan for fiscal year 2013-2014 with goals and measurable performance indicators, and an audited financial statement for fiscal year 2011-2012 before any funds are released.

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

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

• Becomes effective October 1, 2013.