The bill amends the 1979 PA 94, which governs appropriations for public education in Michigan, by updating definitions and calculations related to pupil membership and attendance. Key changes include defining "average daily attendance" as 92% of pupils counted on the membership count day and introducing terms like "center program" and "cooperative education program." The bill clarifies criteria for counting pupils in membership, particularly for those in special education or alternative educational settings, ensuring alignment with federal requirements. It also outlines provisions for virtual education, emphasizing documented interactions between students and teachers, and establishes specific age requirements for membership, allowing certain special education and alternative education students to be counted.

Additionally, the bill allocates significant funding for various educational initiatives, including mental health support, early childhood education, and career and technical education programs. It establishes a weighted pupil membership system to support economically disadvantaged pupils and mandates transparency in financial dealings by requiring districts to report on expenditures and compliance with educational standards. The legislation aims to enhance educational opportunities, ensure equitable funding, and improve accountability across Michigan's educational system while addressing the unique needs of diverse student populations.