MI SB1086

Allows the authority to waive competitive examination requirements for the 2020-2021 academic year if necessary due to COVID-19 pandemic effects, relying instead on scholastic achievement for scholarship eligibility.

Requires the authority to annually establish examination scores needed to qualify for competitive scholarships based on available funding and award levels.

Mandates the authority promulgate rules pursuant to the Administrative Procedures Act of 1969 to implement scholarship examinations, renewal procedures, and define postsecondary institutions.

Authorizes the authority to use scholastic achievement in determining award winners and issue certificates of recognition to scholarship recipients.

Requires the authority to grant annual renewal of scholarships to eligible recipients.