The bill amends the State School Aid Act of 1979, specifically sections 201 and 206, to update the appropriations for community colleges for the fiscal year ending September 30, 2026. The gross appropriation is set at $100.00, with an adjusted gross appropriation of $462,220,800.00 after accounting for interdepartmental grants and transfers. The bill also specifies the sources of this funding, including state restricted revenues and general fund contributions. Notably, the previous fiscal year 2024-2025 has been changed to 2025-2026, and various specific appropriations for community colleges have been deleted, indicating a significant restructuring of funding allocations.

Additionally, the bill outlines the distribution of funds to community colleges, which will now be paid out in 11 monthly installments starting from October 16, 2025. The language regarding the accrual of payments for the fiscal year ending June 30, 2026, has been updated to reflect the new fiscal year. Overall, the bill aims to streamline the funding process for community colleges while ensuring that the appropriations align with the updated fiscal timeline.

Statutes affected:
Senate Introduced Bill: 388.1801, 388.1806