The proposed bill establishes the "Michigan Achievement Skills Scholarship Act," which aims to create a financial aid program for residents of Michigan attending specific occupational training programs. The scholarship is designed to enhance access to career training and equip individuals with the skills necessary to thrive in the state's evolving economy. The program will be administered by the Department of Lifelong Education, Advancement, and Potential, and is subject to appropriations outlined in the state school aid act of 1979.

To qualify for the scholarship, applicants must meet several criteria, including being a resident of Michigan for at least one year, having graduated from high school or obtained a high school equivalency certificate, and being a first-time enrollee in a qualified occupational training program. The bill also outlines the responsibilities of the department in managing the scholarship program, including the approval of training institutions, maintaining a list of qualified programs, and reporting on scholarship participation annually. Additionally, the legislation emphasizes that training institutions should not shift the financial burden of their programs onto the scholarship fund.