Minnesota Legislature
SF 2894
as introduced - 92nd Legislature (2021 - 2022) Posted on 03/08/2022 10:06am
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; 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 begin50deleted text endnew text begin 46new 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 |
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If the appropriation in this subdivision for
either year is insufficient, the appropriation
for the other year is available for it.