Purpose of the Bill

The purpose of the bill is to make changes to eligibility criteria for institutions to participate in Minnesota's state grant program, specifically targeting for-profit higher education institutions.

Main Provisions

• The bill proposes to amend Minnesota Statutes to make for-profit institutions ineligible for funding through the state grant program.
• Only not-for-profit private institutions will qualify as eligible institutions to participate in this state grant program.

Significant Changes to Existing Law

• This legislative change will alter the definition of "eligible institution" as it pertains to receiving state grant funding.
• Previously, the statute did not differentiate funding eligibility based on the profit status of an institution. With this amendment, only not-for-profit institutions will qualify, excluding for-profit entities from receiving state grants.

Relevant Terms

• For-profit institutions
• Not-for-profit institutions
• State grant program
• Eligible institution
• Higher education funding