In addition, the bill would make an FY 2001-02 appropriation of $32.7 million to State community colleges, independent colleges, and universities. The $32.7 million is based on the colleges' and universities' proportionate share of the total FY 2000-01 base appropriations. The bill would require the community colleges and universities to distribute the $32.7 million by December 1, 2001, on a per capita basis to all undergraduate students who were enrolled, and paid tuition and fees, for the fall 2001 semester or term. If a community college or university did not certify by October 15, 2001, that it would distribute the dollars in this manner, its appropriation would be reallocated, based on the same percentage that the community college or university received of the total $32.7 million appropriation, to the community colleges and universities that did comply with the certification requirement. Reallocation of funds from community colleges that failed to comply would be to community colleges; reallocation of university funds would be to universities. The appropriation for independent colleges would be distributed through the "Grant for general degree graduates" line-item, which allocates funds to colleges based on the number of degrees granted to Michigan residents in the prior year.