The bill appropriates $14,816,579 from the Education Trust Fund to Tuskegee University for the fiscal year ending September 30, 2025, specifically for the support and maintenance of the institution's educational programs. It emphasizes the unique relationship between Tuskegee University and the State of Alabama, noting that the university has received state appropriations since its establishment in 1881. The bill stipulates that at least $2,000,000 of the appropriation must be allocated for agricultural research and extension services.
Additionally, the bill outlines specific requirements before the release of funds, including the submission of an operations plan and an audited financial statement. It mandates quarterly reports on expenditures and accomplishments, as well as an end-of-year performance report detailing the work accomplished and costs incurred. The bill is subject to the provisions of the Budget and Financial Control Act and the Budget Management Act of 1976. The act is set to take effect on October 1, 2024.
Statutes affected: Introduced: 41-4-80
Enrolled: 41-4-80