Minnesota Legislature
SF 3062
1st Engrossment - 90th Legislature (2017 - 2018) Posted on 05/15/2018 01:05pm
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A bill for an act
relating to higher education; making clarifying and technical changes to loan
forgiveness programs; amending Minnesota Statutes 2016, sections 136A.1791,
subdivision 8; 136A.1795, subdivision 2; Minnesota Statutes 2017 Supplement,
section 136A.1789, subdivision 2; Laws 2017, chapter 89, article 1, section 2,
subdivisions 31, 32, 33, 34.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2017 Supplement, section 136A.1789, subdivision 2, is
amended to read:
Subd. 2.
Creation of account.
(a) An aviation degree loan forgiveness program account
is establishednew text begin in the special revenue fundnew text end to provide qualified pilots and qualified aircraft
technicians with financial assistance in repaying qualified education loans. The commissioner
must use money from the account to establish and administer the aviation degree loan
forgiveness program.
(b) Appropriations made to the aviation degree loan forgiveness program account do
not cancel and are available until expended.
Sec. 2.
Minnesota Statutes 2016, section 136A.1791, subdivision 8, is amended to read:
Subd. 8.
deleted text begin Funddeleted text end new text begin Accountnew text end established.
A teacher shortage loan forgiveness repayment
deleted text begin funddeleted text end new text begin accountnew text end is creatednew text begin in the special revenue fundnew text end for depositing money appropriated to
or received by the commissioner for the program. Money deposited in the fund shall not
revert to any state fund at the end of any fiscal year but remains in the loan forgiveness
repayment fund and is continuously available for loan forgiveness under this section.
Sec. 3.
Minnesota Statutes 2016, section 136A.1795, subdivision 2, is amended to read:
Subd. 2.
Establishment; administration.
(a) The commissioner shall establish and
administer a loan forgiveness program for large animal veterinarians who:
(1) agree to practice in designated rural areas that are considered underserved; and
(2) work full time in a practice that is at least 50 percent involved with the care of food
animals.
(b)new text begin A large animal veterinarian loan forgiveness program account is established in the
special revenue fund. The commissioner must use money from the account to establish and
administer the program under this section. Appropriations to the commissioner for the
program are for transfer to the fund.
new text end
new text begin (c)new text end Appropriations made to the program do not cancel and are available until expended.
Sec. 4.
Laws 2017, chapter 89, article 1, section 2, subdivision 31, is amended to read:
Subd. 31.Teacher Shortage Loan Forgiveness
|
200,000 |
200,000 |
||||
Fornew text begin transfer tonew text end thenew text begin teacher shortagenew text end loan
forgiveness deleted text begin programdeleted text end new text begin repayment account in the
special revenue fundnew text end under Minnesota
Statutes, section 136A.1791new text begin , subdivision 8new text end .
The commissioner may use no more than three
percent of this appropriation to administer the
program under this subdivision.
Sec. 5.
Laws 2017, chapter 89, article 1, section 2, subdivision 32, is amended to read:
Subd. 32.Large Animal Veterinarian Loan
|
375,000 |
375,000 |
||||
For new text begin transfer to new text end the large animal veterinarian
loan forgiveness program new text begin account in the
special revenue fund new text end under Minnesota
Statutes, section 136A.1795new text begin , subdivision 2new text end .
Sec. 6.
Laws 2017, chapter 89, article 1, section 2, subdivision 33, is amended to read:
Subd. 33.Agricultural Educators Loan
|
50,000 |
50,000 |
||||
For deleted text begin deposit indeleted text end new text begin transfer tonew text end the agricultural
education loan forgiveness accountnew text begin in the
special revenue fund under Minnesota
Statutes, section 136A.1794, subdivision 2new text end .
Sec. 7.
Laws 2017, chapter 89, article 1, section 2, subdivision 34, is amended to read:
Subd. 34.Aviation Degree Loan Forgiveness
|
25,000 |
25,000 |
||||
For new text begin transfer to new text end the aviation degree loan
forgiveness program new text begin account in the special
revenue fund new text end under Minnesota Statutes,
section 136A.1789new text begin , subdivision 2new text end .
Sec. 8. new text begin ONGOING APPROPRIATION.
new text end
new text begin
Notwithstanding Minnesota Statutes, section 136A.1791, subdivision 8, the appropriation
made in Laws 2016, chapter 189, article 25, section 62, subdivision 11, is available until
June 30, 2019.
new text end