An act to amend 1986 PA 316, entitled “An act to create the Michigan education trust; to prescribe the powers and duties of the trust and of its board of directors; to provide for advance tuition payment contracts; to establish an advance tuition payment fund and to provide for its administration; to provide for remedies; and to repeal certain acts and parts of acts on specific dates,” by amending sections 4 and 8 (MCL 390.1424 and 390.1428), section 8 as amended by 2004 PA 388.
The bill amends the Michigan Education Trust Act to update definitions, conditions for contract termination, and refund processes, while allowing non-refundable contracts for scholarship programs.
Co-sponsored by Sens.
Referred to the Committee on Appropriations
Reported without amendment
Referred to the Committee of the Whole
Reported without amendment
Passed in the Senate 38 to 0 (details)
Referred to the Committee on Higher Education
Reported without amendment
Passed in the House 102 to 0 (details)
Motion to give immediate effect
by
The motion prevailed by voice vote
Motion to give immediate effect
The motion did not prevail by voice vote
