Section 388.521 - Annual comprehensive financial report; summary annual report(1) Each intermediate school district annually shall collect from each of its constituent school districts and provide to the department at the same time that it submits the annual comprehensive financial report required under section 18 of the state school aid act of 1979, 1979 PA 94, MCL 388.1618, information for the immediately preceding school year on all of the following: (a) The amount of money expended by the school district for payments required under this act.(b) The number of eligible students who were enrolled in the school district and the number of those eligible students who enrolled in 1 or more postsecondary courses and received payment of all or part of eligible charges under this act, both in the aggregate and by grade level.(c) The percentage of the school district's enrollment represented by the eligible students described in subdivision (b), both in the aggregate and by grade level.(d) The total number of postsecondary courses for which the school district made payment under this act, the number of those courses for which postsecondary credit was granted, the number of those courses for which high school credit was granted, and the number of those courses that were not completed by the eligible student.(2) Each eligible postsecondary institution shall annually report to the department, in the form and manner prescribed by the department, all of the following information: (a) The number of eligible students who enrolled in the eligible postsecondary institution under this act during the preceding academic year.(b) The total number of eligible courses completed by eligible students under this act at the eligible postsecondary institution during the preceding academic year.(c) The number of eligible courses under subdivision (b) for which the eligible postsecondary institution granted postsecondary credit to the eligible student.(d) The number of eligible courses under subdivision (b) for which the eligible postsecondary institution declined to grant postsecondary credit to the eligible student.(3) Not later than March 1 of each year, the department shall prepare and submit to the house and senate fiscal agencies and the department of technology, management, and budget a summary annual report on the information received under this section.Amended by 2012, Act 134,s 6, eff. 7/1/2012.1996, Act 160, Imd. Eff. 4/8/1996.