Michigan Laws 388.1626b – Payments to districts, intermediate districts, and community colleges in lieu of tax obligation under MCL 324.2154; prorated payments
Current as of: 2024 | Check for updates
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Terms Used In Michigan Laws 388.1626b
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o
(1) From the state school aid fund money appropriated in section 11, there is allocated an amount not to exceed $5,084,000.00 for 2023-2024 for payments to districts, intermediate districts, and community college districts for the portion of the payment in lieu of taxes obligation that is attributable to districts, intermediate districts, and community college districts under section 2154 of the natural resources and environmental protection act, 1994 PA 451, MCL 324.2154.
(2) If the amount appropriated under this section is not sufficient to fully pay obligations under this section, payments are prorated on an equal basis among all eligible districts, intermediate districts, and community college districts.