HF 2859

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/28/2022 06:42pm

A bill for an act
relating to higher education; decreasing the assigned student responsibility for the
state grant program; increasing an existing appropriation; amending Minnesota
Statutes 2020, section 136A.121, subdivision 5; Laws 2021, First Special Session
chapter 2, article 1, section 2, subdivision 2.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2020, section 136A.121, subdivision 5, is amended to read:

Subd. 5.

Grant stipends.

The grant stipend shall be based on a sharing of responsibility
for covering the recognized cost of attendance by the applicant, the applicant's family, and
the government. The amount of a financial stipend must not exceed a grant applicant's
recognized cost of attendance, as defined in subdivision 6, after deducting the following:

(1) the assigned student responsibility of at least deleted text begin 50 deleted text end new text begin 46 new text end percent of the cost of attending
the institution of the applicant's choosing;

(2) the assigned family responsibility as defined in section 136A.101; and

(3) the amount of a federal Pell grant award for which the grant applicant is eligible.

The minimum financial stipend is $100 per academic year.

Sec. 2.

Laws 2021, First Special Session chapter 2, article 1, section 2, subdivision 2, is
amended to read:

Subd. 2. State Grants

210,037,000

deleted text begin 210,037,000 deleted text end new text begin ....... new text end

If the appropriation in this subdivision for
either year is insufficient, the appropriation
for the other year is available for it.