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 establishes appropriations of $100.00 from various funds, including the state school aid fund, general fund, community district education trust fund, school transportation fund, enrollment stabilization fund, school meals reserve fund, great start readiness program reserve fund, MPSERS retirement obligation reform reserve fund, and educator fellowship public provider fund. Additionally, it stipulates that all available federal funds are appropriated for both fiscal years.

The bill also modifies the payment process for districts and intermediate districts by requiring the state treasurer to prepare electronic files for distribution on specific dates and ensuring that payments are made in installments. It clarifies that the portion of the entitlement included in each installment must be 1/11 and allows for adjustments in payments due to changes in law or errors in computation. Furthermore, it provides a mechanism for districts to request an advance release 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