Appropriations: school aid; fiscal year 2024-2025 appropriations for K-12 school aid; provide for. Amends secs. 11 & 31aa of 1979 PA 94 (MCL 388.1611 & 388.1631aa) & adds 97h.

HB 5503 allocates approximately $17.8 billion in state funds for the 2024-2025 school year to support Michigan's K-12 public schools, intermediate school districts, and related educational entities. A significant portion of this funding is designated for student mental health services and school safety improvements, allowing districts to hire counselors and psychologists, purchase security infrastructure like cameras and door locks, and implement threat assessment training. The bill also establishes a specific allocation for a statewide technology platform to coordinate behavioral health care and manage safety incidents, while requiring that general fund money be spent before accessing other state funds. Additionally, it includes provisions for transferring any unspent general fund allocations to a stabilization fund by the end of the fiscal year.