SB111 Alabama 2023 Session

Summary

Primary Sponsor

Lance BellSenator

Republican

Session

Regular Session 2023

Title

To make an appropriation of $1,069,234 from the Education Trust Fund to Talladega College in Talladega, Alabama for the support and maintenance of the educational program of the institution, for the fiscal year ending September 30, 2024; to provide that the appropriation is subject to certain provisions of the Code of Alabama 1975; to require an operations plan and an audited financial statement prior to the release of any funds; and to require an end of year report.

Summary

SB111 appropriates funds for Talladega College for FY2024 and requires planning, audits, and ongoing reporting to oversee the use of the money.

What This Bill Does

It provides $1,069,234 from the Education Trust Fund to Talladega College for the 2024 fiscal year. Funds can be released only after Talladega submits an operations plan with goals and indicators approved by the Director of Finance and an audited financial statement for FY2022. The bill also requires quarterly expenditure and accomplishment reports and an end-of-year performance report, with the Director of Finance forwarding these reports to the Legislative Council.

Who It Affects

• Talladega College—receives the appropriation and must provide planned and audited financial information, plus ongoing reports to receive and account for the funds.
• State oversight (Director of Finance and the Legislative Council)—reviews and approves plans, collects and forwards required reports, and controls the release of funds.

Key Provisions

• Appropriates $1,069,234 from the Education Trust Fund to Talladega College for the fiscal year ending September 30, 2024.
• The appropriation is subject to the Budget and Financial Control Act, the Budget Management Act, and other applicable provisions of state law.
• Before any funds are released, Talladega must submit (1) an FY2024 operations plan with goals and measurable indicators approved by the Director of Finance, and (2) an audited financial statement for all operations in FY2022.
• Funds are intended to be released after receipt of the required reports; quarterly reports must compare actual expenditures and accomplishments to planned ones; an end-of-year performance report for FY2024 must detail work performed, services provided, costs, and program effectiveness, as required by state law, with the Director of Finance forwarding copies to the Legislative Council.

AI-generated summary using openai/gpt-5-nano on Feb 22, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Talladega College FY24 Appropriation Bill.