MI HB5462

Amends Michigan's revised school code to expand conditions under which a school district can be declared dissolved, including when enrollment declines by at least 10% year-over-year, the district has 300-2,400 pupils in membership, and operates with a growing operating fund deficit.

Authorizes the intermediate school board or superintendent of public instruction to attach dissolved school district territory to one or more organized school districts while considering pupil distribution, free/reduced lunch eligibility, special education needs, and at-risk funding among receiving districts.

Allows dissolved school districts to retain separate identity for purposes of annexing or transferring former territory back to the dissolved district through parts 10 and 11, with the intermediate school board assuming responsibilities of the dissolved district board.

Maintains dissolved school districts as separate taxing units for limited purposes including debt retirement, sinking fund taxes, and school operating taxes pledged to debt repayment, with tax increases requiring approval only from electors in the dissolved district's geographic area.

Exempts test scores of pupils from dissolved school districts from the receiving districts' adequate yearly progress determinations and "top-to-bottom" rankings for the first 3 school years after dissolution, and prohibits using those scores in employee performance evaluations during the same period.