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SF 2393

as introduced - 93rd Legislature (2023 - 2024) Posted on 03/03/2023 11:23am

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; decreasing the assigned student responsibility for the
state grant program; appropriating money; amending Minnesota Statutes 2022,
section 136A.121, subdivision 5.


Section 1.

Minnesota Statutes 2022, 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 36new 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 beginAPPROPRIATION; STATE GRANT.
new text end

new text begin $....... in fiscal year 2024 and $....... in fiscal year 2025 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