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MI SB0350

MI SB0350
Higher education: financial aid; qualified educational expenses under the promise zone authority act; modify. Amends sec. 3 of 2008 PA 549 (MCL 390.1663).


summary

Introduced
05/23/2023
In Committee
03/06/2024
Crossed Over
10/31/2023
Passed
06/26/2024
Dead
Signed/Enacted/Adopted
07/30/2024

Introduced Session

102nd Legislature

Bill Summary

AN ACT to amend 2008 PA 549, entitled ?An act to authorize the creation of promise zones; to authorize the creation of promise zone authorities and the implementation of promise zone development plans; to prescribe the powers and duties of promise zone authorities; to provide for the capture and disbursement of certain tax revenue; and to prescribe powers and duties of certain state and local officials,? by amending section 3 (MCL 390.1663), as amended by 2020 PA 330.

AI Summary

This bill amends the 2008 Promise Zone Authority Act by modifying the definition of "qualified educational expenses." The key changes are: 1) Expanding the definition to include expenses beyond just tuition and fees, such as the cost of housing, food, transportation, and other costs of attendance. 2) Allowing promise zone authorities to include these expanded expenses in their promise zone development plans, which outline how they will fund the financial assistance promised to eligible students within the promise zone. The bill aims to provide more comprehensive financial support for students from economically disadvantaged areas who attend public or nonpublic high schools within the designated promise zones and go on to pursue postsecondary education or vocational training.

Committee Categories

Budget and Finance

Sponsors (12)

Last Action

Assigned Pa 0099'24 With Immediate Effect (on 07/30/2024)

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