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HF 3346

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

KEY: stricken = removed, old language.
underscored = added, new language.

Bill Text Versions

Engrossments
Introduction Posted on 03/13/2006

Current Version - as introduced

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A bill for an act
relating to higher education; modifying the student share for the state grant
program; appropriating money; amending Minnesota Statutes 2004, section
136A.121, subdivision 5.

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

Section 1.

Minnesota Statutes 2004, 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 46deleted text end new text begin 45new 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. new text begin APPROPRIATION; STATE GRANT PROGRAM.
new text end

new text begin $7,000,000 is appropriated from the general fund to the Office of Higher Education
for fiscal year 2007 for the purposes of the state grant program under section 1. This
appropriation is in addition to appropriations under Laws 2005, chapter 107, article 1,
section 2, subdivision 2, and is added to the base appropriation beginning in fiscal year
2008.
new text end