1.1 	A bill for an act
1.2 	relating to higher education; amending certain state grant provisions;amending 
1.3 	Minnesota Statutes 2016, section 136A.121, subdivision 5.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. Minnesota Statutes 2016, section 136A.121, subdivision 5, is amended to read:
1.6 		Subd. 5.Grant stipends. (a) The grant stipend shall be based on a sharing of 
1.7 	responsibility for covering the recognized cost of attendance by the applicant, the applicant's 
1.8 	family, and the government. The amount of a financial stipend must not exceed a grant 
1.9 	applicant's recognized cost of attendance, as defined in subdivision 6, after deducting the 
1.10 	following:
1.11 	(1) the assigned student responsibility ~~of at least 50 percent of the cost of attending the~~ 
1.12 	~~institution of the applicant's choosing~~ described in paragraph (c);
1.13 	(2) the assigned family responsibility as defined in section 136A.101; and
1.14 	(3) the amount of a federal Pell grant award for which the grant applicant is eligible.
1.15 	(b) The minimum financial stipend is $100 per academic year.
1.16 	(c) The assigned student responsibility equals the following percentages of the cost of 
1.17 	attending the institution of the applicant's choosing:
1.18 	(1) in fiscal year 2019, 47 percent;
1.19 	(2) in fiscal years 2020 and 2021, 44 percent;
1.20 	(3) in fiscal years 2022 and 2023, 41 percent; and
2.1 	(4) 38 percent thereafter.

2.2 	EFFECTIVE DATE. This section is effective July 1, 2018.