AL HB248

Appropriates $632,997 from the Education Trust Fund to Talladega College in Talladega, Alabama for fiscal year ending September 30, 2015.

Requires submission of an operations plan for fiscal year 2014-2015 with goals and measurable performance indicators, approved by the Director of Finance, before funds are released.

Requires submission of an audited financial statement for fiscal year 2012-2013 prior to fund release.

Mandates quarterly reports comparing actual expenditures and accomplishments to planned amounts, plus an end-of-year performance report citing program effectiveness measures and costs.

Becomes effective October 1, 2014, with all required reports forwarded to the Joint Fiscal Committee by the Director of Finance.