The law sets aside $1,372,572 for Talladega College’s educational program in fiscal year 2027, with release requiring an approved operations plan and an audited financial statement.
Talladega College has $1,372,572 set aside from the Education Trust Fund for fiscal year 2027. Release requires an approved operations plan and an audited financial statement.
Talladega College must submit quarterly spending and progress reports and a fiscal year 2027 performance report. The Director of Finance must share the required reports with the Legislative Council.
The law sets aside $1,372,572 from Alabama’s Education Trust Fund for Talladega College’s educational program. The money supports and maintains the educational program at Talladega College in Talladega, Alabama. Before any money is released, the college must submit a fiscal year 2027 operations plan with goals and measurable results, and the Director of Finance must approve it. The college must also submit an audited financial statement covering all fiscal year 2025 operations. The funding must follow Alabama’s budget and financial control laws. The law took effect October 1, 2026. The funding covers the fiscal year ending September 30, 2027.
Talladega College must report its spending and results to the Director of Finance. The Director of Finance must send copies of all required reports to the Legislative Council in a timely manner. Quarterly reports must compare actual spending and accomplishments with the college’s plans. The year-end report must describe work completed, services provided, costs, and meaningful measures of results. Reports are required quarterly, with a performance report at the end of fiscal year 2027.
No hearings or votes scheduled.