HB 4236 - Establishes a Higher Education Budget for Fiscal Year 2019-2020 - Michigan Key Vote

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Title: Establishes a Higher Education Budget for Fiscal Year 2019-2020

Title: Establishes a Higher Education Budget for Fiscal Year 2019-2020

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Title: Establishes a Higher Education Budget for Fiscal Year 2019-2020

Vote Smart's Synopsis:

Vote to adopt a conference report that establishes a higher education budget for the fiscal year 2019-2020.

Highlights:

 

  • Appropriates $1.68 billion to the Department of Education for the purpose of higher education (Sec. 236). 

  • Appropriates $1.54 billion to public universities in the state (Sec. 236).

  • Appropriates $5.02 million to the Michigan public school employees’ retirement system reimbursement fund (Sec. 236). 

  • Appropriates $139.28 million for grants and financial aid (Sec. 236).

  • Specifies that the $144.99 million appropriated to the Department of Technology, Management, and Budget for state building authority provides funding for previously constructed capital projects for state universities (Sec. 236c).

  • Prohibits the Department of Treasury from awarding more than $5 million in tuition grants to students of any one state university (Sec. 252).   

Title: Establishes a Higher Education Budget for Fiscal Year 2019-2020

Title: Establishes a Higher Education Budget for Fiscal Year 2019-2020

Title: Establishes a Higher Education Budget for Fiscal Year 2019-2020

Title: Establishes a Higher Education Budget for Fiscal Year 2019-2020

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