HB242 Alabama 2026 Session

Updated Apr 6, 2026

Notable

Summary

Primary Sponsor: Ed OliverRepresentative
Republican
Session: 2026 Regular Session
Title: Southern Preparatory Academy, appropriation
Summary: HB242 would provide a $460,000 Education Trust Fund appropriation to Southern Preparatory Academy for FY 2027 with reporting and oversight requirements.
What This Bill Does
It appropriates $460,000 from the Education Trust Fund to Southern Preparatory Academy in Camp Hill to support and maintain its educational program for the fiscal year ending September 30, 2027. The funds are subject to state budget laws and related provisions. Before any funds can be released, the academy must submit an operations plan for FY 2027 approved by the Director of Finance and an audited financial statement for FY 2025. The act also requires quarterly expenditure and performance reports and an end-of-year performance report, with copies sent to the Legislative Council; the act becomes effective October 1, 2026.

Who It Affects
Southern Preparatory Academy in Camp Hill: will receive $460,000 to support its educational program and must meet reporting requirements.
Director of Finance: oversees approval of the operations plan, reviews financial statements, and releases funds and reports.
Legislative Council: receives copies of required reports from the Director of Finance.
Alabama public education and the Education Trust Fund: funding allocation and accountability requirements for this appropriation.

Key Provisions
Section 1: Appropriates $460,000 from the Education Trust Fund to Southern Preparatory Academy for the fiscal year ending September 30, 2027.
Section 2: The appropriation is subject to the Budget and Financial Control Act, Budget Management Act, and other provisions of this act.
Section 3(a): Before funds are released, an operations plan for FY 2027 and an audited financial statement for FY 2025 must be submitted for approval by the Director of Finance.
Section 3(b): Funds for FY 2027 will be released after receipt of the required reports.
Section 3(c): Quarterly reports on expenditures and outcomes and an end-of-year performance report are required, with measures of program effectiveness and costs.
Section 3(d): The Director of Finance must forward all required reports to the Legislative Council in a timely manner.
Section 4: The act becomes effective October 1, 2026.

AI-generated summary using openai/gpt-5-nano-2025-08-07 on Apr 2, 2026. May contain errors — refer to the official bill text for accuracy.
Subjects: Appropriations