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, 2027. It specifies that for the fiscal year 2027, the appropriations from various funds, including the state school aid fund, general fund, and several reserve funds, will be set at $100. This represents a significant reduction from previous appropriations, which included amounts in the billions. The bill also clarifies that all available federal funds are appropriated only for the fiscal year ending September 30, 2027.

Additionally, the bill modifies the payment schedule for state aid to school districts and intermediate districts. It establishes that payments must be made according to a specific installment schedule and allows for adjustments in payments if there are changes in law or errors in computation. The bill also introduces a provision for advance releases of funds upon request from districts, provided certain conditions are met. Overall, the amendments aim to streamline funding processes and ensure timely distribution of state aid to educational institutions.

Statutes affected:
House Introduced Bill: 388.1611, 388.1617