The bill amends the State School Aid Act of 1979, specifically sections 236 and 241, to update appropriations for higher education for the fiscal year ending September 30, 2025. Notably, the gross appropriation amount is revised from $2,324,292,600.00 to $100.00, with adjustments made to federal revenues, state general fund contributions, and other sources of funding. The bill also introduces new allocations for various programs, including $8,500,000.00 for payments to participating public universities to offset normal cost contributions, and $1,000,000.00 for Michigan Transfer Pathways to facilitate student transfers among institutions.

Additionally, the bill specifies that funds appropriated to public universities will be distributed in 11 equal monthly installments starting October 16, 2025, with adjustments made to the accrual of payments for the fiscal year ending June 30, 2026. The language also clarifies the definitions and conditions under which participating public universities will receive these funds, particularly in relation to their contributions to the Michigan public school employees' retirement system. Overall, the bill aims to streamline funding processes and support higher education institutions in Michigan.

Statutes affected:
House Introduced Bill: 388.1836, 388.1841