The bill proposes a conditional appropriation of $29,998,245 from the Education Trust Fund for the fiscal year ending September 30, 2024, specifically for the K-12 Capital Grant Program and the Executive Commission on Community Services Grants. This funding is contingent upon the enactment of HB415 or another bill that would repeal the Distressed Institutions of Higher Education Revolving Loan Program. The K-12 Capital Grant Program is allocated $15,000,000 to support eligible school systems with capital projects, while the remaining $14,998,245 is designated for the Executive Commission on Community Services Grants. Additionally, the bill outlines supplemental appropriations totaling $651,202,906 for various agencies, including significant allocations for the State Board of Education and one-time expenses at the State Department of Education.

Furthermore, the bill, HB144, emphasizes funding for educational and infrastructure projects across Alabama's universities and community colleges, with specific amounts earmarked for deferred maintenance and renovation of facilities at institutions such as Auburn University at Montgomery and the University of South Alabama. It allocates $112,390,057 for the Alabama Community College System and includes $15,000,000 for the K-12 Capital Grant Program. The bill also mandates the Legislative Services Agency to hire a consultant to study the modernization of K-12 education funding. Notably, the bill does not specify any deletions from current law and is set to take effect immediately upon passage, following amendments made by both the House and Senate in May 2024.

Statutes affected:
Enrolled: 29-4-51