Section 388.1882 - Institutions receiving funds under MCL 388.1878, 388.1879, or 388.1881; providing unobligated and unexpended funds; plan to expend remaining funds; direct or indirect financial aid; prohibition(1) Each institution receiving funds for fiscal year 2023-2024 under section 278, 279, or 281 shall provide to the department of labor and economic opportunity by April 15, 2024 the unobligated and unexpended funds as of March 31, 2024 and a plan to expend the remaining funds by the end of the fiscal year. Notwithstanding the award limitations in sections 278 and 279, the amount of funding reported as not being expended will be reallocated to the institutions that intend to expend all funding received under section 278, 279, or 281.(2) Funds received for the purpose of administering programs under sections 278, 279, and 281 must not be used for direct financial aid or indirect financial aid. However, a public university may provide academic incentives to motivate participating students as approved by the department. As used in this subsection: (a) "Direct financial aid" includes, but is not limited to, scholarships, payment of tuition, stipends, and work-studies.(b) "Indirect financial aid" includes, but is not limited to, transportation, textbook allowances, child care support, and assistance with medical premiums or expenses.Amended by 2023, Act 103,s 231, eff. 10/1/2023.Amended by 2022, Act 144,s 197, eff. 10/1/2022.Amended by 2021, Act 86,s 56, eff. 9/29/2021.Amended by 2020, Act 165,s 155, eff. 10/1/2020.Amended by 2019, Act 62,s 33, eff. 10/1/2019.Amended by 2018, Act 265,s 147, eff. 10/1/2018.Amended by 2017, Act 108,s 150, eff. 10/1/2017.Amended by 2016, Act 249,s 144, eff. 10/1/2016.Amended by 2015, Act 85,s 125, eff. 10/1/2015.Amended by 2014, Act 196,s 126, eff. 10/1/2014.Amended by 2013, Act 60,s 114, eff. 10/1/2013.Amended by 2012, Act 201,s 140, eff. 10/1/2012.Added by 2011, Act 62,s 131, eff. 10/1/2011.