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SF 1975

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/11/2021 05:01pm

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

Current Version - as introduced

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A bill for an act
relating to higher education; adjusting certain state grant parameters; appropriating
money; amending Minnesota Statutes 2020, section 136A.121, subdivision 5.


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 begin50deleted text endnew text begin 47new 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 beginAPPROPRIATIONS.
new text end

new text begin $....... in fiscal year 2022 and $....... in fiscal year 2023 are appropriated from the general
fund to the commissioner of the Office of Higher Education for the state grant program
under Minnesota Statutes, section 136A.121.
new text end