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AL SB111
Bill
AI Summary
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Appropriates $1,069,234 from the Education Trust Fund to Talladega College for fiscal year ending September 30, 2024.
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Requires submission of an operations plan for fiscal year 2024 with goals and measurable performance indicators, subject to Director of Finance approval.
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Requires submission of an audited financial statement for all operations during fiscal year 2022 before funds are released.
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Mandates quarterly reports to the Director of Finance comparing actual expenditures and accomplishments to planned amounts, plus an end-of-year performance report for fiscal year 2024.
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Becomes effective October 1, 2023; passed Senate on May 4, 2023 and House on May 25, 2023.
Legislative Description
To make an appropriation of $1,069,234 from the Education Trust Fund to Talladega College in Talladega, Alabama for the support and maintenance of the educational program of the institution, for the fiscal year ending September 30, 2024; to provide that the appropriation is subject to certain provisions of the Code of Alabama 1975; to require an operations plan and an audited financial statement prior to the release of any funds; and to require an end of year report.
Talladega College FY24 Appropriation Bill.
Last Action
Enacted
5/25/2023