Appropriations: higher education; appropriations for fiscal year 2024-2025; provide for. Amends secs. 236 & 241 of 1979 PA 94 (MCL 388.1836 & 388.1841).

HB 5505 allocates state funds for Michigan's public universities for the 2024-2025 fiscal year, directly affecting institutions like Michigan State University, Central Michigan University, and others. The bill establishes a total gross appropriation of approximately $2.29 billion, drawing primarily from the state general fund and federal revenues to cover operational costs, per-student funding, and specific research programs. It amends existing sections of the State School Aid Act to update financial figures and repeal previous acts, ensuring the budget reflects current funding levels for each university.