2024 Senate Bill 1001

Higher education: financial aid; Michigan education trust act; modify.

A bill to amend 1986 PA 316, entitled “Michigan education trust act,” by amending sections 4 and 8 (MCL 390.1424 and 390.1428), section 8 as amended by 2004 PA 388.

AI Analysis – Experimental

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.

Introduced in the Senate

Sept. 17, 2024

Introduced by Sen. Rosemary Bayer (D-13) and two co-sponsors

Co-sponsored by Sens. Sue Shink (D-14) and Erika Geiss (D-1)

Referred to the Committee on Appropriations

Oct. 16, 2024

Reported without amendment

Oct. 17, 2024

Referred to the Committee of the Whole

Oct. 23, 2024

Reported without amendment

Passed in the Senate 38 to 0 (details)