SB182 Summary

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

• Requires Talladega College to submit an operations plan for fiscal year 2014-2015 with goals and measurable performance indicators and an audited financial statement for fiscal year 2012-2013 before any funds are released.

• Mandates quarterly reports comparing actual expenditures and accomplishments to planned expenditures and an end-of-year performance report for fiscal year 2014-2015, with all reports forwarded to the Joint Fiscal Committee.

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

• Becomes effective October 1, 2014.