Michigan Laws 390.1408 – Amount of MEOG funds for fiscal year
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Terms Used In Michigan Laws 390.1408
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- MEOG: means a Michigan educational opportunity grant established under section 2. See Michigan Laws 390.1401
MEOG funds shall be made to eligible postsecondary schools for a fiscal year in an amount proportionate to the school’s receipt of Pell grant funds under section 411 of title IV of the higher education act of 1965, 20 U.S.C. § 1070a, for the most recent year statistics are available.