S.F. No. 956 amends the Minnesota State Colleges and Universities chapter of law by establishing the community and technical college grant program.
Section 1 (136F.39, subdivision 1) requires the board to develop a grant program in accordance with this section. The board must develop policies and adopt rules as necessary to implement and administer the program.
Subdivision 2 lists the eligibility criteria for the program.
Subdivision 3 requires that an eligible student receive a grant award equal to the student cost, which is the cost of tuition for the semester after federal grants and scholarships are subtracted, multiplied by the phase-in percentage. The phase-in percentage is ten percent in 2020, and increases ten percent per year until it reaches 100 percent in 2029.
Section 2 appropriates funds from the general fund to the board for purposes of section 1.
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