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Current as of February 09, 2022 | Updated by FindLaw Staff
Sec. 254. The sums appropriated in section 236 1 for the state competitive scholarship, tuition incentive, and tuition grant programs must be paid out of the state treasury and must be distributed to the respective institutions under a quarterly payment system as follows:
(a) For the state competitive scholarship and tuition grant programs, 50% must be paid at the beginning of the state's first fiscal quarter, 30% during the state's second fiscal quarter, 10% during the state's third fiscal quarter, and 10% during the state's fourth fiscal quarter.
(b) For the tuition incentive program and Michigan achievement scholarship, 65% must be paid at the beginning of the state's first fiscal quarter, and 35% during the state's second fiscal quarter.
Cite this article: FindLaw.com - Michigan Compiled Laws, Chapter 388. Schools and School Aid § 388.1854 - last updated February 09, 2022 | https://codes.findlaw.com/mi/chapter-388-schools-and-school-aid/mi-comp-laws-388-1854/
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