AL HB150

Appropriates $408,793 from the Education Trust Fund to Southern Preparatory Academy in Camp Hill, Alabama for fiscal year ending September 30, 2025.

Requires submission of a fiscal year 2025 operations plan with goals and measurable performance indicators, approved by the Director of Finance, before fund release.

Requires submission of an audited financial statement for fiscal year 2023 operations before any funds are released.

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 2025.

Becomes effective October 1, 2024; passed by House on April 16, 2024 and Senate on May 2, 2024.