The bill proposes an appropriation of $14,816,579 from the Education Trust Fund to Tuskegee University in Tuskegee, Alabama, for the fiscal year ending September 30, 2025. This appropriation is for the support and maintenance of the educational program at the institution. The bill acknowledges Tuskegee University's unique relationship with the State of Alabama, having been established by the Legislature in 1881 and receiving appropriations since then. The bill specifies that Tuskegee University should be funded differently from both private schools and state public colleges and universities due to its unique status as a private institution that is also state-related and supported.

The bill outlines conditions for the release of funds, including the requirement for Tuskegee University to submit an operations plan with goals and performance indicators for the 2025 fiscal year, as well as an audited financial statement for the 2023 fiscal year. These reports must be approved by the Director of Finance. Additionally, quarterly reports and an end-of-year performance report for the 2025 fiscal year are required to be submitted to the Director of Finance, who will then forward copies to the Legislative Council. The bill is set to become effective on October 1, 2024. The bill also includes an insertion marking the passage of the bill by the Senate on May 2, 2024.

Statutes affected:
Introduced: 41-4-80
Enrolled: 41-4-80