Bill > SB122

This bill appropriates $450,000 from the Alabama Education Trust Fund to Southern Preparatory Academy in Camp Hill, Alabama for the fiscal year ending September 30, 2026, to support its educational program. Before receiving the funds, the academy must submit an operations plan with goals and performance indicators to the Director of Finance, as well as an audited financial statement for the fiscal year 2024. The bill requires the academy to provide quarterly reports detailing actual expenditures and accomplishments compared to planned objectives, and submit an end-of-year performance report that includes meaningful measures of program effectiveness and costs. The Director of Finance must forward these reports to the Legislative Council. The appropriation is subject to various state financial control regulations, including the Budget and Financial Control Act and the Budget Management Act. The bill will become effective on October 1, 2025, ensuring that the funds are available for the specified fiscal year and that there is transparency and accountability in the use of state educational funds.