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AL SB93
Bill
AI Summary
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Appropriates $389,327 from the Education Trust Fund to Southern Preparatory Academy (formerly Lyman Ward Military Academy) in Camp Hill, Alabama for fiscal year ending September 30, 2024.
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Requires submission of a fiscal year 2024 operations plan with goals and measurable performance indicators to the Director of Finance before fund release.
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Requires submission of an audited financial statement for fiscal year 2022 operations before any 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, and subjects the appropriation to the Budget and Financial Control Act and Budget Management Act of 1976.
Legislative Description
To make an appropriation of $389,327 from the Education Trust Fund to Southern Preparatory Academy, formerly Lyman Ward Military Academy, in Camp Hill, 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.
Southern Preparatory Academy, formerly Lyman Ward Military Academy, FY24 Appropriation Bill.
Last Action
Enacted
5/25/2023