The bill proposes a conditional appropriation of $29,998,245 from the Education Trust Fund for the fiscal year ending September 30, 2024, to the Executive Commission on Community Services Grants and the Lieutenant Governor for the K-12 Capital Grant Program. This appropriation is contingent on the repeal of the Distressed Institutions of Higher Education Revolving Loan Program by HB415 or a similar bill. The bill specifies that $15,000,000 is designated for the K-12 Capital Grant Program to support eligible school systems with capital projects, maintenance, or technology needs, and $14,998,245 is allocated to the Executive Commission on Community Services Grants for distribution according to the Code of Alabama 1975.

Additionally, the bill includes supplemental appropriations from the Education Trust Fund totaling $651,202,906 for various agencies and entities for the same fiscal year. These appropriations are intended for a range of purposes, such as $5,000,000 for the State Insurance Fund, over $94 million for local boards of education, and $64,375,000 for the State Department of Education for one-time expenses. The bill also provides funds for the Department of Commerce, the Alabama Department of Revenue, and various universities and institutions for one-time expenses related to maintenance, renovation, capital projects, and specific programs. The bill includes insertions of the dates when the Senate and House passed the bill and the conference committee report, with the dates being 02-May-24 and 09-May-24, respectively, and the Senate's final passage on 09-May-24. The bill is effective immediately upon enactment.

Statutes affected:
Enrolled: 29-4-51