Section 388.1806 - Payments to community colleges; monthly or quarterly installments(1) Except for the funds appropriated in section 201(4)(b), the funds appropriated in section 201 are appropriated for community colleges with fiscal years ending June 30, 2025 and must be paid out of the state treasury and distributed by the state treasurer to the respective community colleges in 11 monthly installments on the sixteenth of each month, or the next succeeding business day, beginning with October 16, 2024. Each community college shall accrue its July and August 2025 payments to its institutional fiscal year ending June 30, 2025.(2) The funds appropriated in section 201(4)(b) are appropriated for community colleges with fiscal years ending June 30, 2025 and must be distributed to the respective community colleges in quarterly installments on the sixteenth of each November, February, May, and August. Each community college shall accrue its August 2025 payments to its institutional fiscal year ending June 30, 2025.Amended by 2024, Act 120,s 134, eff. 10/1/2024.Amended by 2023, Act 103,s 184, eff. 10/1/2023.Amended by 2022, Act 144,s 135, eff. 10/1/2022.Amended by 2021, Act 86,s 3, eff. 9/29/2021.Amended by 2020, Act 165,s 104, eff. 10/1/2020.Amended by 2019, Act 52,s 3, eff. 10/1/2019.Amended by 2018, Act 265,s 99, eff. 10/1/2018.Amended by 2017, Act 108,s 100, eff. 10/1/2017.Amended by 2016, Act 249,s 95, eff. 10/1/2016.Amended by 2015, Act 85,s 82, eff. 10/1/2015.Amended by 2014, Act 196,s 84, eff. 10/1/2014.Amended by 2013, Act 60,s 70, eff. 10/1/2013.Amended by 2012, Act 201,s 72, eff. 10/1/2012.Added by 2011, Act 62,s 60, eff. 10/1/2011.