SB180 Summary

• Appropriates $632,997 from the Education Trust Fund to Talladega College in Talladega, Alabama for fiscal year ending September 30, 2016.

• Requires Talladega College to submit an operations plan for fiscal year 2015-2016 with goals and measurable performance indicators and an audited financial statement for fiscal year 2013-2014 before 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 for fiscal year 2015-2016.

• Requires the Director of Finance to forward all reports to the Joint Fiscal Committee in a timely manner.

• Takes effect October 1, 2015.