Bill > HB4303

This bill appropriates $504,451,700.00 for community colleges for the fiscal year 2023-2024. * **Community College Operations:** $356,262,600.00 appropriated from the State School Aid Fund to support the general operations of 29 community colleges. Specific allocations are provided for each college, with amounts varying based on factors like operations, performance funding, and costs related to the North American Indian tuition waiver. * **Retirement Contributions:** $7,189,000.00 from the State School Aid Fund to offset retirement contributions for the fiscal year 2023-2024. * **Offsetting Normal Cost Contributions:** Up to $23,000,000.00 from the State School Aid Fund for payments to participating community colleges to offset normal cost contributions to the retirement system. * **Retirement System Payments:** $105,800,000.00 from the State School Aid Fund for payments to community colleges participating in the retirement system, intended to cover differences in unfunded actuarial accrued liability contribution rates. * **Renaissance Zone Tax Reimbursements:** $2,200,000.00 from the State School Aid Fund to reimburse community colleges for tax revenue lost due to renaissance zones. * **Career and Education Navigators for Adult Learners:** $5,000,000.00 from the Coronavirus State Fiscal Recovery Funds (American Rescue Plan Act of 2021) to support navigation efforts for adult learners, with counties eligible for grant funding. * **Michigan Reconnect Entry Point Program:** $5,000,000.00 from the Coronavirus State Fiscal Recovery Funds (American Rescue Plan Act of 2021) to help individuals approved for Michigan Reconnect funding enroll in postsecondary programs. * **Community College Campus Security and Safety Upgrades:** $100.00 from the State School Aid Fund. * **State Building Authority Rent:** $33,081,600.00 from the State General Fund/General Purpose to cover the state's share of costs for previously constructed capital projects for community colleges, with specific amounts allocated to each college.