MI SB0574

Allows intermediate school districts to levy a regional enhancement property tax up to 3 mills with majority voter approval to enhance school operations, for a term not exceeding 20 years and renewable for the same term.

Requires intermediate school districts to distribute regional enhancement property tax revenue to constituent districts within 10 days of receipt, calculated by dividing total revenue by combined membership and multiplying by each district's membership.

Establishes that public school academies are considered constituent districts if they operate at least one site in the intermediate school district and meet specific requirements, including having unresolved material audit findings limited to no more than one in their two most recent financial audits.

Specifies that cyber schools are considered constituent districts only if their administrative office is located in the intermediate school district and 100% of enrolled pupils reside within that district.

Permits intermediate school districts themselves to be considered constituent districts and receive regional enhancement property tax revenue for pupils counted in their membership, effective for taxes initially authorized and levied after the amendatory act's effective date.