AL HB300

Appropriates $1,003,976 from the Education Trust Fund to Talladega College in Talladega, Alabama for support and maintenance of the institution's educational program for fiscal year ending September 30, 2022.

Appropriation is subject to provisions of the Budget and Financial Control Act (Code of Alabama 1975, Sections 41-4-80 et seq.) and The Budget Management Act of 1976 (Sections 41-19-1 et seq.).

Requires submission of an operations plan for fiscal year 2022 with goals and measurable performance indicators, approved by the Director of Finance, before funds are released.

Requires submission of an audited financial statement for all operations during fiscal year 2020 prior to release of funds.

Requires quarterly reports to the Director of Finance comparing actual expenditures and accomplishments to planned amounts, and an end-of-year performance report citing meaningful measures of program effectiveness and costs; all reports must be forwarded to the Legislative Council.

Becomes effective October 1, 2021.