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SF 3062

as introduced - 90th Legislature (2017 - 2018) Posted on 03/14/2018 04:14pm

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

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A bill for an act
relating to higher education; limiting loan forgiveness appropriations;amending
Minnesota Statutes 2017 Supplement, section 136A.1789, subdivision 2; Laws
2017, chapter 89, article 1, section 2, subdivisions 33, 34.

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

Section 1.

Minnesota Statutes 2017 Supplement, section 136A.1789, subdivision 2, is
amended to read:


Subd. 2.

Creation of account.

(a) An aviation degree loan forgiveness program account
is established in the special revenue fund to provide qualified pilots and qualified aircraft
technicians with financial assistance in repaying qualified education loans. The commissioner
must use money from the account to establish and administer the aviation degree loan
forgiveness program.

(b) Appropriations made to the aviation degree loan forgiveness program account do
not cancel and are available until expended.

Sec. 2.

Laws 2017, chapter 89, article 1, section 2, subdivision 33, is amended to read:


Subd. 33.

Agricultural Educators Loan
Forgiveness

50,000
50,000

For deposit in transfer to the agricultural
education loan forgiveness account in the
special revenue fund
.

Sec. 3.

Laws 2017, chapter 89, article 1, section 2, subdivision 34, is amended to read:


Subd. 34.

Aviation Degree Loan Forgiveness
Program

25,000
25,000

For transfer to the aviation degree loan
forgiveness program account in the special
revenue fund
under Minnesota Statutes,
section 136A.1789, subdivision 2. This
appropriation does not cancel until June 30,
2021.

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