HB 5564 Summary

• Amends the State School Aid Act of 1979 to change appropriations for community colleges from fiscal year 2018 to fiscal year 2019.

• Replaces specific dollar amounts for community college operations and performance funding with blank placeholders to be filled in later, including the gross appropriation amount and individual college allocations.

• Maintains appropriation structure for retirement contributions ($1,733,600.00 for FY 2017-2018), retirement system payments ($70,805,000.00), and renaissance zone tax reimbursements ($3,100,000.00).

• Allocates $1,025,000.00 in general fund money to the Michigan Community College Association for enhancing the Michigan Transfer Network website to improve college credit transfer.

• Updates fiscal year references in Section 201a from 2018-2019 to 2019-2020, with future appropriations to be adjusted based on retirement costs, caseload changes, federal match rates, and revenue after the January 2019 consensus revenue estimating conference.