Education: public school academies; educational management organizations; subject to same bidding laws as public schools. Amends 1976 PA 451 (MCL 380.1 - 380.1852) by adding sec. 1267a.

This bill requires educational management organizations running public school academies in Michigan to use a competitive bidding process when purchasing services, effectively treating these academies the same as traditional public schools. To implement this, the law mandates that organizations advertise for bids in local newspapers and on specific government websites for at least two weeks, followed by a public meeting where all bids are read aloud. The process includes specific rules such as requiring sworn statements about familial relationships between bidders and organization members, setting a minimum threshold of $29,572 for contracts requiring bids, and allowing a preference for Michigan-based businesses. Additionally, the bill establishes that any academy violating these bidding requirements must forfeit an amount equal to the contract value from state school aid funds.