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MI HB5077
Bill
Status
10/8/2019
Primary Sponsor
Rodney Wakeman
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AI Summary
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Reduces fiscal year 2019-2020 state school aid fund appropriation from $13,293,465,000.00 to $13,252,615,000.00 and general fund appropriation from $75,000,000.00 to $62,270,000.00.
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Eliminates $40,000,000.00 appropriation from the talent investment fund for 2019-2020.
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Sets target foundation allowance at $8,529.00 and minimum foundation allowance at $8,111.00 for 2019-2020.
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Modifies definition of "maximum public school academy allocation" to calculate based on highest per-pupil allocation from preceding fiscal year with specified adjustments, capped at $8,111.00 for 2019-2020.
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Updates tax increment financing acts definition to reference parts 2, 3, 4, and 6 of the recodified tax increment financing act, 2018 PA 57, removing references to prior tax increment financing statutes.
Legislative Description
Appropriations; supplemental; definition of maximum public school academy allocation; modify. Amends secs. 11, 20 & 22b of 1979 PA 94 (MCL 388.1611 et seq.).
Appropriations: supplemental
Last Action
Bill Electronically Reproduced 10/08/2019
10/10/2019