Bill > HB175

This bill appropriates $450,000 from Alabama's Education Trust Fund to Southern Preparatory Academy in Camp Hill for its educational program during the fiscal year ending September 30, 2026. The funding is subject to several administrative requirements, including the submission of detailed reports to the Director of Finance: specifically, the academy must provide an operations plan with performance indicators, an audited financial statement from fiscal year 2024, and quarterly reports comparing actual expenditures and accomplishments to planned goals. Before receiving the funds, the academy must have its operations plan approved by the Director of Finance, and at the end of the fiscal year, must submit a comprehensive performance report detailing work accomplished, services provided, program effectiveness, and associated costs. The bill also stipulates that these reports will be forwarded to the Legislative Council, and the appropriation is bound by the provisions of Alabama's Budget and Financial Control Act and Budget Management Act. The bill will take effect on October 1, 2025, marking the start of the fiscal year for which the funds are designated.