It is declared to be the policy of the state to further the development of approved junior and community colleges to supplement existing state supported colleges and universities in providing educational programs and facilities for the first 2 years of college study.

     The public school districts entitled to any distribution hereunder shall include those public school districts which now maintain an approved junior college, community college, or university, and those public school districts which may hereafter secure the approval of the state superintendent of public instruction with the advice and counsel of the state board of education for the establishment of such a college.

     The money herein appropriated shall be distributed by the superintendent of public instruction to public school districts maintaining an approved college or a university upon the basis of their enrollments in junior or community college credit courses. The enrollment unit shall be a full time program for an academic year. Part time and shorter periods of enrollments shall be equated to this unit. No distribution under the terms of this act, when added to any other funds received by the public school district from the state for maintaining such college credit courses shall be made in excess of $190.00 per full and equated enrollment nor 1/2 of the total operational costs excluding capital outlay and debt service.

     For the fiscal year commencing July 1, 1956, there is hereby appropriated from the general fund the sum of $1,935,000.00 for distribution in accordance herewith. Should the amount appropriated be inadequate to meet the distribution provided for herein, the amount received by each school district shall be reduced proportionately.