To make an appropriation of $389,327 from the Education Trust Fund to Southern Preparatory Academy, formerly Lyman Ward Military Academy, in Camp Hill, 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.
Impact
The passage of SB93 is expected to have a significant impact on how educational institutions receive funding from the state. By formally allocating funds to Southern Preparatory Academy, the bill aims to bolster the school's educational programming and operational stability. The requirement for financial oversight through audits and reports is intended to ensure that taxpayer dollars are used efficiently and effectively, thus enhancing the accountability of educational spending in Alabama.
Summary
SB93 focuses on the appropriation of $389,327 from the Education Trust Fund specifically for Southern Preparatory Academy, which was previously known as Lyman Ward Military Academy. The funds are designated for the support and maintenance of the academy's educational program for the fiscal year ending September 30, 2024. The bill includes provisions that impose certain requirements, such as the creation of an operations plan and the submission of an audited financial statement prior to the disbursement of any appropriated funds. Additionally, an end-of-year report detailing the use of the funds is mandated to ensure transparency and accountability.
Sentiment
The sentiment surrounding SB93 appears to be generally positive, particularly among supporters of the academy who view this funding as a necessary investment in educational resources. They argue that such support is vital for maintaining the academy's programs and assisting students. However, sentiments may vary among critics who may question the appropriateness of funding a specific institution over broader educational needs statewide, particularly given the limited resources available in the Education Trust Fund.
Contention
One of the notable points of contention regarding SB93 is the prioritization of funding for Southern Preparatory Academy compared to other educational institutions that may also be in need of financial assistance. Critics may raise concerns about the decision-making process behind the appropriation, arguing that funds could be more equitably distributed across various schools facing financial challenges. The bill's stipulations for financial reporting requirements may also provoke discussions on the level of accountability required and whether similar measures should apply to all recipients of state education funding.
Children First Trust Fund, appropriations from for fiscal year ending September 30, 2026, use of allocation pursuant to Section 41-15B-2.2, Code of Alabama 1975 and this act, tobacco settlement revenues deposited in fund within 30 days of receipt