Section 388.1807a - Allocations to community colleges; use; basisThe following apply to the allocation of the fiscal year 2024-2025 appropriations described in section 201(4):
(a) A community college that receives money under section 201(4) shall use that money solely for the purpose of offsetting a portion of the retirement contributions owed by the college for that fiscal year.(b) The amount allocated to each participating community college under section 201(4)(a) must be based on each college's percentage of the total covered payroll for all community colleges that are participating colleges in the immediately preceding fiscal year.(c) The amount allocated to each participating community college under section 201(4)(b) must be based on each college's reported quarterly payroll for members for the current fiscal year.Amended by 2024, Act 120,s 135, eff. 10/1/2024.Amended by 2023, Act 103,s 185, eff. 10/1/2023.Amended by 2022, Act 144,s 136, eff. 10/1/2022.Amended by 2021, Act 86,s 4, eff. 9/29/2021.Amended by 2020, Act 165,s 105, eff. 10/1/2020.Amended by 2019, Act 52,s 4, eff. 10/1/2019.Amended by 2018, Act 265,s 100, eff. 10/1/2018.Amended by 2017, Act 108,s 101, eff. 10/1/2017.Amended by 2016, Act 249,s 97, eff. 10/1/2016.Amended by 2015, Act 85,s 83, eff. 10/1/2015.Added by 2014, Act 196,s 85, eff. 10/1/2014.