Bill > HB174

This bill appropriates $1,326,157 from Alabama's Education Trust Fund to Talladega College for its educational program in fiscal year 2026, with several important accompanying requirements. The appropriation is subject to existing state financial regulations, including the Budget and Financial Control Act and Budget Management Act, which outline standard fiscal oversight procedures. Before receiving the funds, Talladega College must submit an operations plan with specific goals and performance indicators to the Director of Finance for approval, as well as provide an audited financial statement for fiscal year 2024. The college is also required to submit quarterly reports detailing actual expenditures and accomplishments compared to planned objectives, and must produce an end-of-year performance report documenting work accomplished, services provided, program effectiveness, and associated costs. The Director of Finance is mandated to forward these reports to the Legislative Council in a timely manner. The bill will take effect on October 1, 2025, and is designed to support public education in Alabama by providing financial resources to Talladega College while ensuring transparency and accountability in the use of state funds.