Section 388.1667c - Developer academy at Michigan State University(1) From the general fund money appropriated in section 11, there is allocated for 2023-2024 only an amount not to exceed $3,000,000.00 to Michigan State University as prescribed in this section.(2) Michigan State University shall use the funding it receives under subsection (1) to recruit participants for and to provide stipends for basic living expenses to participants in a developer academy at Michigan State University that, at a minimum, does all of the following: (a) Provides individuals age 18 or older with a 1-year program focused on coding, design, entrepreneurship, and essential professional skills.(b) Provides the individuals described in subdivision (a) the opportunity to become world-class developers.(c) Provides the individuals described in subdivision (a) the opportunity to work on real-world challenges and connect with community and industry partners.(d) Provides a month-long foundation program throughout the year designed for learners considering app economy careers who are also interested in learning more about app development generally.(e) Provides the services described in subdivisions (a) to (d) without charging participants tuition or fees.(3) In determining the amount of each stipend described in subsection (2), Michigan State University shall, based on the federal free application for federal student aid (FAFSA) form, determine the participant's estimated family contribution and compare that to the participant's indirect opportunity cost.(4) As used in this section, "opportunity cost" means the income a participant foregoes by not working at minimum-wage levels due to the participant's attendance in the developer academy described in this section.(5) Notwithstanding section 17b, the department shall make payments under this section on a schedule determined by the department.Amended by 2023, Act 103,s 124, eff. 10/1/2023.Added by 2022, Act 144,s 94, eff. 10/1/2022.