The bill amends the State School Aid Act of 1979 by updating the appropriations for public schools in Michigan for the fiscal year ending September 30, 2028. It specifies that the total appropriations from various funds, including the state school aid fund, general fund, and several reserve funds, will be set at $100.00 for each category, replacing previous amounts that were significantly higher. The bill also modifies the allocation of federal funds, stating that they are only appropriated for the fiscal year ending September 30, 2028.

Additionally, the bill revises the payment schedule and procedures for distributing funds to school districts and intermediate districts. It mandates that the state treasurer make payments according to a specified installment schedule and allows for adjustments in payments if necessary. The language changes include replacing "shall" with "must" to emphasize the requirement for grant payments to adhere to the installment schedule. Furthermore, it allows for the possibility of advance fund releases under certain conditions, ensuring that districts can receive necessary funds in a timely manner.

Statutes affected:
House Introduced Bill: 388.1611, 388.1617