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. Additionally, the bill mandates that an operations plan and an audited financial statement for the previous fiscal year must be submitted and approved before any funds are released.

Furthermore, the bill requires the submission of quarterly reports detailing actual expenditures and accomplishments compared to planned figures, as well as an end-of-year performance report for fiscal year 2025. This report must include measures of program effectiveness and costs. The Director of Finance is responsible for forwarding all required reports to the Legislative Council. The act is set to become effective on October 1, 2024.