as introduced - 92nd Legislature (2021 - 2022) Posted on 03/08/2022 10:12am
A bill for an act
relating to education finance; creating a grant program to provide funding for a
onetime payment for any teacher with an educational loan; appropriating money;
amending Minnesota Statutes 2021 Supplement, section 136A.1791, by adding a
subdivision.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2021 Supplement, section 136A.1791, is amended by adding
a subdivision to read:
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(a) In addition to the amounts in
subdivision 5, any teacher, whether or not the teacher is in a license shortage area, may
submit an application for a onetime payment not to exceed $2,000 for qualified educational
loan forgiveness. The teacher must apply for the loan forgiveness grant in the form and
manner specified by the commissioner.
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(b) This subdivision expires June 30, 2024.
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The sum indicated in this section is
appropriated from the general fund to the Department of Education in the fiscal year
designated.
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(a) For transfer to the teacher shortage loan
repayment account in the special revenue fund under Minnesota Statutes, section 136A.1791,
subdivision 8, administered by the Office of Higher Education:
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$ new text end |
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....... new text end |
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..... new text end |
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2023 new text end |
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(b) This is a onetime appropriation.
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