The bill amends the State School Aid Act of 1979, specifically sections 236 and 241, to update the appropriations for higher education for the fiscal year ending September 30, 2027. Notably, the gross appropriation amount is adjusted to $2,336,912,000.00, with specific changes in the sources of funding, including federal revenues being set to $0.00 and other state restricted revenues increasing to $850,768,300.00. The bill also specifies that the appropriations for public universities will be distributed in 11 equal monthly installments starting from October 16, 2026, with adjustments made to the accrual of payments for each institution.

Additionally, the bill includes various deletions and insertions that reflect changes in the appropriations for specific universities and programs. For instance, the appropriations for public universities have been streamlined, and the amounts previously allocated for certain programs have been removed or modified. The bill aims to ensure that the funding structure for higher education in Michigan is updated to reflect current fiscal realities and needs, while also maintaining a consistent payment schedule for the institutions involved.

Statutes affected:
House Introduced Bill: 388.1836, 388.1841