AlabamaLaw sets aside $460,000 for Southern Preparatory Academy’s educational program
Southern Preparatory Academy’s $460,000 for fiscal year 2027 can be released only after its operations plan is approved and an audited financial statement is submitted.
What it does
Southern Preparatory Academy has $460,000 set aside from the Education Trust Fund for fiscal year 2027. Release requires an approved operations plan and an audited financial statement.
The academy must submit quarterly reports comparing spending and results with its plans, plus a fiscal year 2027 year-end performance report. The Director of Finance sends lawmakers copies.
Argument forThe $460,000 could help the academy maintain its educational program once its plan is approved and required financial records are submitted.
Argument againstPreparing financial records and quarterly performance reports could take academy staff time and resources away from running its educational program.
More detail
The law sets aside $460,000 from Alabama’s Education Trust Fund for the academy’s educational program. The money supports Southern Preparatory Academy in Camp Hill, Alabama. Before any money is released, the Director of Finance must approve a fiscal year 2027 operations plan with goals and measurable signs of progress. The academy must also submit an audited financial statement covering all its fiscal year 2025 operations. Alabama’s budget and financial control laws also govern the funding. The law took effect October 1, 2026. The funding covers the fiscal year ending September 30, 2027.
The academy must report its spending and results to the Director of Finance. These reports track the academy’s use of the funding and its program’s results. Quarterly reports must compare actual spending and accomplishments with the academy’s plans. The year-end report must describe work, services, costs, and meaningful measures of how well the program works. The Director of Finance must send copies of all required reports to the Legislative Council in a timely manner. The year-end performance report covers fiscal year 2027.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Apr 9EnactedBecame Law
- Apr 2Third Reading in Second House
- Vote recorded Third Reading in Second House. Result: pass.Upper
- Vote recorded Motion to Read a Third Time and Pass - Adopted Roll Call 1116. Result: pass.Upper
- Apr 2Motion to Read a Third Time and Pass - Adopted Roll Call 1116Passed Senate
- Apr 2Ready to Enroll
- Apr 2EnrolledTo Governor
- Apr 2Signature Requested
- Apr 2Delivered to GovernorMinor
- Apr 1Reported Out of Committee Second House
- Apr 1Read for the Second Time and placed on the Calendar (Finance and Taxation Education)Minor
- Mar 12Third Reading in House of Origin
- Vote recorded Third Reading in House of Origin. Result: pass.Lower
- Vote recorded Motion to Read a Third Time and Pass - Adopted Roll Call 885. Result: pass.Lower
- Mar 12Motion to Read a Third Time and Pass - Adopted Roll Call 885Passed House
- Mar 12Read for the first time and referred to the Senate Committee on Finance and Taxation EducationMinor
- Mar 12Pending Committee Action in Second House (Finance and Taxation Education)
- Mar 11Reported Out of Committee House of Origin
- Mar 11Read for the Second Time and placed on the Calendar (Ways and Means Education)Minor
- Jan 14Read for the first time and referred to the House Committee on Ways and Means EducationMinor
- Jan 14Pending Committee Action in House of Origin (Ways and Means Education)Introduced
EducationTaxes & Budget