This bill appropriates $1,326,157 from the Education Trust Fund to Talladega College in Alabama for the support and maintenance of its educational program for the fiscal year ending September 30, 2026. The appropriation is subject to the provisions of the Code of Alabama 1975, specifically the Budget and Financial Control Act and the Budget Management Act of 1976. Prior to the release of any funds, the college is required to submit an operations plan and an audited financial statement for the fiscal year 2024, which must be approved by the Director of Finance. Additionally, the college must provide quarterly reports on expenditures and accomplishments, as well as an end-of-year performance report detailing the work accomplished and the costs incurred.
The bill also mandates that the Director of Finance forward all required reports to the Legislative Council in a timely manner. The act is set to become effective on October 1, 2025. There are no deletions from current law noted in the text of the bill.