April 18, 2007, Introduced by Senators KAHN, GEORGE and GARCIA and referred to the Committee on Appropriations.
A bill to amend 1979 PA 94, entitled
"The state school aid act of 1979,"
by amending section 17b (MCL 388.1617b), as amended by 2006 PA 342.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 17b. (1) Not later than October 20, November 20, December
20, January 20, February 20, March 20, April 20, May 20, June 20,
July 20, and August 20, the department shall prepare electronic
files of the amount to be distributed under this act in the
installment to the districts and intermediate districts and deliver
the electronic files to the state treasurer, and the state
treasurer shall pay the installments on each of those dates or, if
the
date is not a business day, on the immediately preceding next
business
day before following that date.
Except as otherwise
provided in this act, the portion of the district's or intermediate
district's state fiscal year entitlement to be included in each
installment shall be 1/11. A district or intermediate district
shall accrue the payments received in July and August to the school
fiscal year ending the immediately preceding June 30.
(2) The state treasurer shall make payment under this section
by drawing a warrant in favor of the treasurer of each district or
intermediate district for the amount payable to the district or
intermediate district according to the electronic files and
delivering the warrant to the treasurer of each district or
intermediate district, or if the state treasurer receives a written
request by the treasurer of the district or intermediate district
specifying an account, by electronic funds transfer to that account
of the amount payable to the district or intermediate district
according to the electronic files. The department may make
adjustments in payments made under this section through additional
payments when changes in law or errors in computation cause the
regularly scheduled payment to be less than the amount to which the
district or intermediate district is entitled pursuant to this act.
(3) Except as otherwise provided in this act, grant payments
to districts and intermediate districts under this act shall be
paid according to subsection (1).
(4) Upon the written request of a district or intermediate
district and the submission of proof satisfactory to the department
of a need of a temporary and nonrecurring nature, the
superintendent, with the written concurrence of the state treasurer
and the state budget director, may authorize an advance release of
funds due a district or intermediate district under this act. An
advance authorized under this subsection shall not cause funds to
be paid to a district or intermediate district more than 30 days
earlier than the established payment date for those funds.