The bill appropriates $1,176,157 from the Education Trust Fund to Talladega College in Alabama for the support and maintenance of its educational programs 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. The bill mandates that before any funds are released, Talladega College must submit an operations plan for fiscal year 2025 and an audited financial statement for fiscal year 2023, both of which must be approved by the Director of Finance.

Additionally, the bill requires that quarterly reports be submitted to the Director of Finance detailing actual expenditures and accomplishments compared to planned figures. An end-of-year performance report for fiscal year 2025 is also required, which must include measures of program effectiveness and costs. The Director of Finance is tasked with forwarding all required reports to the Legislative Council in a timely manner. The act is set to become effective on October 1, 2024.