Ala. Code § 16-5B-4

(a) There shall be an outcomes-based higher education funding program. The commission shall implement the program commencing with the fiscal year that begins on October 1, 2026, contingent upon funding being appropriated by the Legislature for such purpose.

(b) The bonus funding described in this chapter shall be allocated in accordance with this chapter. The total amount of available funding for the program each year shall be apportioned among eligible institutions using the available funding multiplier. An eligible institution may receive bonuses that total up to its available funding.