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, replacing the previously allocated larger sums. Additionally, the bill extends the availability of federal funds to include the fiscal year ending September 30, 2027.

Furthermore, the bill modifies the payment schedule for state fiscal year entitlements to school districts and intermediate districts, ensuring that payments are 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 includes provisions for advance fund releases to districts in temporary need, contingent upon approval from the state treasurer and budget director.

Statutes affected:
Senate Introduced Bill: 388.1611, 388.1617