SB262 Alabama 2023 Session

Summary

Primary Sponsor

William “Bill” M. BeasleySenator

Democrat

Session

Regular Session 2023

Title

To make an appropriation of $13,651,435 from the Education Trust Fund to Tuskegee University in Tuskegee, 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

SB262 would appropriate 13,651,435 dollars from Alabama's Education Trust Fund to Tuskegee University for FY 2024, with specific planning, audit, and reporting requirements before funds are released.

What This Bill Does

It provides an annual grant to Tuskegee University for the institution's educational program for the fiscal year ending September 30, 2024. At least $2,000,000 of the appropriation must be used for the agricultural research and extension service state match. The funds are conditional on budget and financial controls, and the university must submit an operations plan, an audited FY2022 financial statement, quarterly expenditure reports, and an end-of-year performance report; the Director of Finance must review and release funds after these reports are received, with copies sent to the Legislative Council.

Who It Affects

• Tuskegee University – receives the funding and must meet planning, audit, and reporting requirements; must allocate at least $2,000,000 to agricultural research and the state match.
• State of Alabama (Director of Finance and Legislative Council) – oversees and receives required reports before funds are released and for ongoing oversight.

Key Provisions

• Appropriates $13,651,435 from the Education Trust Fund to Tuskegee University for FY 2024.
• Requires at least $2,000,000 of the appropriation to be used for the agricultural research and extension service state match.
• Funds are subject to the Budget and Financial Control Act and related laws.
• Before funds are released, Tuskegee University must submit an operations plan and an audited FY2022 financial statement.
• Requires quarterly reports comparing actual expenditures and accomplishments to planned expenditures and accomplishments.
• Requires an end-of-year performance report detailing work done, services provided, costs, and performance measures.
• The Director of Finance must forward copies of required reports to the Legislative Council.
• Effective date: October 1, 2023.

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

Subjects

To make an appropriation from the Education Trust Fund to Tuskegee University for the fiscal year ending September 30, 2024.