The bill amends the State School Aid Act of 1979 by making significant changes to the appropriations for public schools in Michigan for the fiscal years ending September 30, 2025, and September 30, 2026. It specifies that for these fiscal years, the appropriated amounts from various funds, including the state school aid fund, general fund, and several reserve funds, will be set at $100.00 each, replacing previous amounts that were in the millions. Additionally, the bill stipulates that all available federal funds will be appropriated as allocated for both fiscal years.

Furthermore, the bill modifies the payment process for districts and intermediate districts by requiring the state treasurer to prepare and deliver electronic files for distribution on specified dates. It clarifies that the portion of the entitlement to be included in each installment must be 1/11 and allows for adjustments in payments due to changes in law or errors in computation. The bill also introduces provisions for advance releases of funds under certain conditions, ensuring that such advances do not occur more than 30 days before the established payment date.

Statutes affected:
House Introduced Bill: 388.1611, 388.1617