Plain English Breakdown
The bill uses the phrase 'It is the intent that funds... shall be released,' which suggests a strong expectation but leaves some ambiguity on whether release is automatic upon receipt or subject to further discretion.
Funding for Southern Preparatory Academy
This law gives $460,000 to Southern Preparatory Academy in Camp Hill, Alabama, but only after the school submits an approved operations plan and audited financial statements.
What This Bill Does
- Sets aside $460,000 from the Education Trust Fund for the fiscal year ending September 30, 2027.
- Requires Southern Preparatory Academy to submit an approved operations plan before receiving any money.
- Mandates that the school provide audited financial statements covering its 2025 operations.
- Orders quarterly reports on spending and progress to be sent to the Director of Finance throughout the year.
- Demands a final performance report at the end of fiscal year 2027 detailing costs, results, and services provided.
Who It Names or Affects
- Southern Preparatory Academy in Camp Hill, Alabama
- The Director of Finance who reviews reports and releases funds
- The Legislative Council which receives copies of all required reports
Terms To Know
- Appropriation
- An official act by the government to set aside money for a specific purpose.
- Education Trust Fund
- A state fund used specifically to support public education programs in Alabama.
- Audited financial statement
- An official review of a school's money records by an independent expert to ensure accuracy.
Limits and Unknowns
- The law states it is the intent that funds will be released after reports are received, but does not specify what happens if reports are late or rejected.
- The text requires quarterly and end-of-year reports but does not set specific calendar deadlines for when these must arrive.