The bill outlines an appropriation of $1,176,157 from the Education Trust Fund to Talladega College in Talladega, Alabama, specifically for the support and maintenance of the educational program of the institution for the fiscal year ending September 30, 2025. The appropriation is subject to the provisions of the Code of Alabama 1975, including the Budget and Financial Control Act and the Budget Management Act of 1976, among other conditions stipulated within the act.

Before any funds are released, Talladega College is required to submit an operations plan for fiscal year 2025, including goals and measurable performance indicators, which must be approved by the Director of Finance. Additionally, an audited financial statement for the fiscal year 2023 must be provided. The college is also obligated to submit quarterly reports and an end-of-year performance report detailing accomplishments, services provided, and associated costs, with meaningful measures of program effectiveness. These reports are to be forwarded to the Legislative Council by the Director of Finance. The act is set to become effective on October 1, 2024. The bill also includes an insertion marking the date it passed the Senate, which is May 2, 2024.