The bill amends Section 41-4-97 of the Code of Alabama 1975 to exempt the Alabama Community College System from federal fund reporting requirements and introduces a new Section 41-4-98. The new section mandates that each public institution of higher education in Alabama submit an annual report detailing state and federal fund receipts and expenditures, along with contingency plans for operating the institution in the event of funding reductions. The bill also makes technical revisions to update existing code language.

Key changes include the deletion of the requirement for the Alabama Community College System to report on federal funds, while still requiring it to provide information for each public community or technical college under its supervision. Additionally, the bill specifies that public institutions must report on both state and federal funding, with plans for operation if funding decreases by specified percentages. The Executive Budget Office is tasked with compiling these reports and submitting them to the Legislature, with the act set to take effect on October 1, 2026.

Statutes affected:
Introduced: 41-4-97, 41-4-98
Engrossed: 41-4-97, 41-4-98
Enrolled: 41-4-97, 41-4-98