This bill modifies Minnesota's unemployment insurance framework by introducing a new section, [124D.995] UNEMPLOYMENT INSURANCE AID, which provides unemployment insurance aid specifically for school districts, charter schools, and postsecondary institutions. Eligible entities can receive aid based on the difference between their net audited unemployment costs from the previous fiscal year and their base period costs from fiscal year 2022. The bill also includes provisions for proportional reductions in aid if the total eligible aid exceeds annual appropriations and amends existing statutes to adjust payment percentages for certain aids, incorporating unemployment insurance aid into the list of reimbursable costs. Additionally, the bill mandates annual reporting requirements for the Department of Education and higher education institutions regarding unemployment insurance aid accounts and costs. It appropriates funds from the general fund, including $366,000 for the University of Minnesota and $809,000 for the Minnesota State Colleges and Universities for fiscal years 2024 and 2025, as well as $175,000 for administrative expenses related to unemployment insurance aid in fiscal year 2025. The bill also designates $161,755,000 for unemployment insurance aid starting in fiscal year 2026 and includes appropriations for the Minnesota State Academies and the Perpich Center for Arts Education. Furthermore, it repeals Minnesota Statutes 2022, section 268.085, subdivision 8, concerning eligibility requirements and payments affecting benefits, effective the day after the bill's final enactment. Overall, the legislation aims to enhance support for educational institutions facing unemployment costs while ensuring accountability through reporting and appropriations.

Statutes affected:
Introduction: 268.085, 126C.43, 268.19
1st Engrossment: 126C.43, 127A.45, 268.085, 268.19
2nd Engrossment: 126C.43, 127A.45, 268.085, 268.19
1st Engrossment: 126C.43, 127A.45, 268.085, 268.19
2nd Engrossment: 126C.43, 127A.45, 268.085, 268.19