Section 388.1807c - Allocation to community colleges described in MCL 125.2692All of the following apply to the allocation of the appropriations described in section 201(6) to community colleges described in section 12(3) of the Michigan renaissance zone act, 1996 PA 376, MCL 125.2692:
(a) The amount allocated to each community college under section 201(6) for fiscal year 2024-2025 must be based on that community college's proportion of total revenue lost by community colleges as a result of the exemption of property taxes levied in 2024 under the Michigan renaissance zone act, 1996 PA 376, MCL 125.2681 to 125.2696.(b) The appropriations described in section 201(6) must be made to each eligible community college within 60 days after the department of treasury certifies to the state budget director that it has received all necessary information to properly determine the amounts payable to each eligible community college under section 12 of the Michigan renaissance zone act, 1996 PA 376, MCL 125.2692.Amended by 2024, Act 120,s 137, eff. 10/1/2024.Amended by 2023, Act 103,s 187, eff. 10/1/2023.Amended by 2022, Act 144,s 138, eff. 10/1/2022.Amended by 2021, Act 86,s 6, eff. 9/29/2021.Amended by 2020, Act 165,s 107, eff. 10/1/2020.Amended by 2019, Act 52,s 6, eff. 10/1/2019.Amended by 2018, Act 265,s 102, eff. 10/1/2018.Amended by 2017, Act 108,s 103, eff. 10/1/2017.Amended by 2016, Act 249,s 99, eff. 10/1/2016.Amended by 2015, Act 85,s 85, eff. 10/1/2015.Added by 2014, Act 196,s 87, eff. 10/1/2014.