Michigan Compiled Laws, Chapter 388. Schools and School Aid § 388.1807c

(a) The amount allocated to each community college under section 201(6) for fiscal year 2024-2025 must be based on that community college's proportion of total revenue lost by community colleges as a result of the exemption of property taxes levied in 2024 under the Michigan renaissance zone act, 1996 PA 376, MCL 125.2681 to 125.2696.

(b) The appropriations described in section 201(6) must be made to each eligible community college within 60 days after the department of treasury certifies to the state budget director that it has received all necessary information to properly determine the amounts payable to each eligible community college under section 12 of the Michigan renaissance zone act, 1996 PA 376, MCL 125.2692.