The bill amends the State School Aid Act of 1979 by updating the appropriations for public schools in Michigan for the fiscal years ending September 30, 2025, and September 30, 2026. It specifies that for both years, a total of $100.00 will be appropriated from various funds, including the state school aid fund, general fund, and several reserve funds. The bill also clarifies that all available federal funds will be allocated for these fiscal years. Additionally, it establishes that any unspent general fund allocations by the end of the fiscal year will be transferred to the school aid stabilization fund.

Furthermore, the bill modifies the payment process for districts and intermediate districts by requiring the state treasurer to prepare and deliver electronic files detailing the amounts to be distributed. It mandates that the portion of the entitlement included in each installment must be 1/11 and allows for adjustments in payments if necessary. The bill also stipulates that advance releases of funds can be authorized under specific conditions, ensuring that no funds are paid more than 30 days earlier than the established payment date.

Statutes affected:
House Introduced Bill: 388.1611, 388.1617