1.1 	A bill for an act
1.2 	relating to higher education; modifying the student share for the state grant 
1.3 	program; appropriating money;amending Minnesota Statutes 2004, section 
1.4 	136A.121, subdivision 5.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. Minnesota Statutes 2004, section 136A.121, subdivision 5, is amended to 
1.7 	read:
1.8 		Subd. 5.Grant stipends. The grant stipend shall be based on a sharing of 
1.9 	responsibility for covering the recognized cost of attendance by the applicant, the 
1.10 	applicant's family, and the government. The amount of a financial stipend must not 
1.11 	exceed a grant applicant's recognized cost of attendance, as defined in subdivision 6, after 
1.12 	deducting the following:
1.13 	(1) the assigned student responsibility of at least 46 45 percent of the cost of 
1.14 	attending the institution of the applicant's choosing;
1.15 	(2) the assigned family responsibility as defined in section  136A.101; and 
1.16 	(3) the amount of a federal Pell grant award for which the grant applicant is eligible.
1.17 	The minimum financial stipend is $100 per academic year.

1.18 	Sec. 2. APPROPRIATION; STATE GRANT PROGRAM.
 1.19 	$7,000,000 is appropriated from the general fund to the Office of Higher Education 
1.20 	for fiscal year 2007 for the purposes of the state grant program under section 1. This 
1.21 	appropriation is in addition to appropriations under Laws 2005, chapter 107, article 1, 
1.22 	section 2, subdivision 2, and is added to the base appropriation beginning in fiscal year 
1.23 	2008.