Michigan Laws 388.1854 – State competitive scholarship, tuition incentive, and tuition grant programs; payments
Current as of: 2023 | Check for updates
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Terms Used In Michigan Laws 388.1854
- 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
The sums appropriated in section 236 for the state competitive scholarship, tuition incentive, and tuition grant programs shall be paid out of the state treasury and shall be distributed to the respective institutions under a quarterly payment system as follows:
(a) For the state competitive scholarship and tuition grant programs, 50% shall 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, 65% shall be paid at the beginning of the state’s first fiscal quarter, and 35% during the state’s second fiscal quarter.