This bill amends Minnesota Statutes 2024, section 136A.121, by adding a new subdivision that establishes criteria for institutions to be eligible for the state grant program. Specifically, it stipulates that for-profit institutions will be ineligible for this program, and defines "eligible institution" to mean that private institutions must be operated on a not-for-profit basis to qualify.

The new legal language clarifies that the definition of "eligible institution" aligns with the existing definition in section 136A.101, subdivision 4, with the added requirement of not-for-profit operation for private institutions. The changes will take effect starting in the fall 2026 academic term, ensuring that the new eligibility criteria are implemented in a timely manner.

Statutes affected:
Introduction: 136A.121