Purpose of the Bill

This bill aims to modify an existing grant program for higher education institutions in Minnesota.

Main Provisions

• Creation of a Special Revenue Fund: The bill establishes a new account within the special revenue fund specifically for receiving and distributing money as grants to students.
• Appropriation to Commissioner: Money deposited into this account is automatically allocated to the commissioner of the Office of Higher Education. The purpose of these grants is to assist eligible students, specifically focusing on foster care students.

Significant Changes to Existing Law

• The bill amends Minnesota Statutes 2024 section 136A.1241 by adding a new subdivision that officially creates an account within the special revenue fund for educational grants for students.

Relevant Terms

• Higher education
• Special revenue fund
• Grants
• Eligible students
• Foster grants
• Commissioner of the Office of Higher Education