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MI HB5296
Bill
Status
4/12/2016
Primary Sponsor
Alton Pscholka
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AI Summary
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Appropriates $48,700,000 from the Merit Award Trust Fund for distressed public schools financial assistance for fiscal year ending September 30, 2016.
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Funds designated for a school district with the same boundaries as a city with a population of 600,000 or more to cover daily operational costs.
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State treasurer may only release funds if the distressed school district is subject to a financial review commission under the Michigan Financial Review Commission Act, 2014 PA 181.
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Requires the state, emergency manager, and distressed school district to enter into an agreement governing expenditure of the appropriated funds.
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Effective date: March 29, 2016.
Legislative Description
Appropriations; zero budget; supplemental appropriations for distressed public schools; provide for fiscal year 2015-2016. Creates appropriation act.
Appropriations: zero budget
Last Action
Assigned Pa 54'16 With Immediate Effect
4/12/2016