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 assist eligible school systems with capital projects, while the remaining $14,998,245 will be distributed by the Executive Commission on Community Services Grants. Additionally, the bill outlines supplemental appropriations totaling $651,202,906 from the Education Trust Fund to various agencies, including significant allocations for the State Board of Education, the State Department of Education, and the Alabama Department of Revenue. Furthermore, the bill, HB144, allocates over $300 million for various educational institutions and projects across Alabama, including $5.25 million for Auburn University at Montgomery and $12.7 million for Jacksonville State University, with a focus on deferred maintenance and renovations. The Alabama Community College System is set to receive $112.39 million for training centers and ongoing capital projects. Other notable provisions include funding for the Council on the Arts, the Alabama Department of Public Health, and various historical and cultural projects, with the Council on the Arts receiving $3.7 million. The Alabama Commission on Higher Education is allocated $13.92 million for educational initiatives, including a Deferred Maintenance Program for Historically Black Colleges and Universities. The act is set to take effect immediately upon passage, following approval from both the Senate and House in early May 2024.

Statutes affected:
Enrolled: 29-4-51