MI HB5389

Changes fiscal year appropriations for higher education from fiscal year 2020 to fiscal year 2021, with all dollar amounts left blank for future determination.

Removes detailed appropriation breakdowns for 15 Michigan public universities and instead references section 236 for allocation methodology.

Eliminates specific funding amounts for state and regional programs, Martin Luther King Jr.-Cesar Chavez-Rosa Parks program, and grants and financial aid, leaving amounts to be determined.

Updates Section 236a to reflect intent to provide appropriations for fiscal year ending September 30, 2022 (instead of 2021), with amounts adjusted based on caseload changes, federal fund match rates, economic factors, and available revenue determined after the January 2021 consensus revenue estimating conference.

Leaves the Michigan public school employees' retirement system reimbursement amount blank for fiscal year 2021-2022 pending future determination.