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, 2026, and September 30, 2027. 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, significantly reducing the previously allocated amounts. Additionally, the bill extends the appropriation of all available federal funds to include the fiscal year ending September 30, 2027.

Furthermore, the bill modifies the payment schedule for state fiscal year entitlements to districts and intermediate districts, mandating that payments be made on specific dates each month. It also clarifies that grant payments must adhere to this installment schedule and allows for adjustments in payments due to changes in law or computation errors. The bill introduces a provision for districts to request an advance release of funds under certain conditions, ensuring that such advances do not occur more than 30 days prior to the established payment date.

Statutes affected:
House Introduced Bill: 388.1611, 388.1617