December 5, 2007, Introduced by Senator ALLEN and referred to the Committee on Appropriations.
A bill to amend 1979 PA 94, entitled
"The state school aid act of 1979,"
(MCL 388.1601 to 388.1772) by adding section 22e.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 22e. (1) It is the intent of the legislature that,
beginning in 2008-2009, an amount will be allocated each fiscal
year from the amount allocated under section 22b for additional
payments under this section to districts that meet the eligibility
requirements under subsection (2). It is estimated that the amount
to be allocated under this section for 2008-2009 will be an amount
not to exceed $1,300,000.00.
(2) To be eligible for a payment under this section, a
district must be determined by the department and the department of
treasury to meet all of the following:
(a) The district levies all of the millage it is authorized to
levy under section 1211 of the revised school code, MCL 380.1211,
but receives a reduced amount of local school operating revenue
under that section as a result of the exemptions of industrial
personal property and commercial personal property that were
enacted in 2007 PA 37.
(b) The district does not receive any state portion of its
foundation allowance, as calculated under section 20(4).
(3) The amount of the additional funding to each eligible
district under this section is the sum of the following and shall
be paid to the eligible districts in the same manner as payments
under section 22b:
(a) The product of the taxable value of the district's
industrial personal property for the calendar year ending in the
fiscal year multiplied by the total number of mills the district
levies on nonexempt property under section 1211 of the revised
school code, MCL 380.1211, for that calendar year.
(b) The product of the taxable value of the district's
commercial personal property for the calendar year ending in the
fiscal year multiplied by the lesser of 12 mills or the total
number of mills the district levies on nonexempt property under
section 1211 of the revised school code, MCL 380.1211, for that
calendar year.