as introduced - 82nd Legislature (2001 - 2002) Posted on 12/15/2009 12:00am
1.1 A bill for an act 1.2 relating to higher education; grants; modifying 1.3 calculation of grant stipends; amending Minnesota 1.4 Statutes 2000, section 136A.121, subdivision 5; 1.5 repealing Minnesota Statutes 2000, section 136A.1211. 1.6 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.7 Section 1. Minnesota Statutes 2000, section 136A.121, 1.8 subdivision 5, is amended to read: 1.9 Subd. 5. [GRANT STIPENDS.] The grant stipend shall be 1.10 based on a sharing of responsibility for covering the recognized 1.11 cost of attendance by the applicant, the applicant's family, and 1.12 the government. The amount of a financial stipend must not 1.13 exceed a grant applicant's recognized cost of attendance, as 1.14 defined in subdivision 6, after deducting the following: 1.15 (1) the assigned student responsibility of at least 46 1.16 percent of the cost of attending the institution of the 1.17 applicant's choosing; 1.18 (2) the assigned family responsibility as defined in 1.19 section 136A.101; and 1.20 (3) the amount of a federal Pell grant award for which the 1.21 grant applicant is eligible, calculated as if the maximum Pell 1.22 grant were $3,300. 1.23 The minimum financial stipend is $100 per academic year. 1.24 Sec. 2. [REPEALER.] 1.25 Minnesota Statutes 2000, section 136A.1211, is repealed.