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, 2025, and September 30, 2026. Notably, it removes the previously appropriated amounts and replaces them with a nominal sum of $100. This change applies to various funds, including the state school aid fund, general fund, school consolidation and infrastructure fund, school transportation fund, enrollment stabilization fund, great start readiness program reserve fund, educator fellowship public provider fund, state school aid pupil support reserve fund, and general pupil support reserve fund. Additionally, the bill specifies that all available federal funds are appropriated as allocated for the fiscal year ending September 30, 2026.

Furthermore, the bill outlines the payment schedule for districts and intermediate districts, mandating that the state treasurer prepares electronic files for distribution on specified dates and pays installments accordingly. It clarifies that grant payments must be made according to this schedule and allows for adjustments in payments due to changes in law or computation errors. The bill also provides a mechanism for districts to request an advance release of funds under certain conditions, ensuring that no funds are paid more than 30 days earlier than the established payment date.

Statutes affected:
Senate Introduced Bill: 388.1611, 388.1617