The bill appropriates $408,793 from the Education Trust Fund to Southern Preparatory Academy in Camp Hill, Alabama, for the support and maintenance of its educational program for the fiscal year ending September 30, 2025. The appropriation is subject to the provisions of the Budget and Financial Control Act and the Budget Management Act of 1976, as outlined in the Code of Alabama 1975. Additionally, the bill mandates that an operations plan and an audited financial statement be submitted and approved before any funds are released, along with quarterly and end-of-year performance reports detailing expenditures and program effectiveness.
The bill also includes specific requirements for reporting to the Director of Finance, including the submission of an operations plan with measurable performance indicators and an audited financial statement for the previous fiscal year. The Director of Finance is tasked with forwarding all required reports to the Legislative Council. The act is set to become effective on October 1, 2024.