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SB 150

An Act relating to a net metering program; relating to reduced rates in the form of credits for consumer-generators; establishing a net metering reimbursement fund; and providing for an effective date.

34th Legislature (2025-2026)

Senate Bill 150 allocates $1,326,157 to Talladega College for fiscal year 2026, ensuring resources for education while requiring financial oversight and reporting.

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Bill Summary · SB 150

Summary of Senate Bill 150 (SB 150)

Overview

Senate Bill 150, titled "Talladega College, appropriation," was enacted on May 6, 2025. The bill appropriates funds from the Education Trust Fund to support Talladega College in Alabama for the fiscal year ending September 30, 2026.

Purpose and Intent

The primary purpose of SB 150 is to provide financial support for the educational programs at Talladega College. The bill aims to ensure that the college has the necessary resources to maintain and enhance its educational offerings.

Key Provisions

  • Appropriation Amount: The bill appropriates $1,326,157 from the Education Trust Fund specifically for Talladega College.
  • Fiscal Year: The funds are designated for the fiscal year ending September 30, 2026.
  • Conditions for Fund Release:
    • An operations plan for fiscal year 2026 must be submitted and approved by the Director of Finance. This plan should include specific goals and measurable performance indicators.
    • An audited financial statement for all operations during fiscal year 2024 must be provided prior to the release of funds.
    • Quarterly reports detailing actual expenditures and accomplishments compared to planned expenditures and accomplishments must be submitted.
    • An end-of-year performance report for fiscal year 2026 is required, summarizing the work accomplished, services provided, and costs incurred, along with measures of program effectiveness.

Affected Parties

  • Talladega College: The primary beneficiary of this appropriation, which will use the funds to support its educational programs.
  • State of Alabama: The bill is part of the state's commitment to public education and is subject to various provisions of the Code of Alabama, ensuring accountability and transparency in the use of state funds.

Procedural Timeline

  • Introduced: March 28, 2025
  • Passed by Senate: April 10, 2025
  • Passed by House: April 24, 2025
  • Enacted: May 6, 2025
  • Effective Date: The act will become effective on October 1, 2025.

Conclusion

Senate Bill 150 represents a significant investment in Talladega College, aimed at enhancing the educational experience for its students. By establishing clear requirements for financial oversight and reporting, the bill seeks to ensure that the funds are used effectively and transparently.

Compiled from official sources — confirm details with the bill’s official record.

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