This bill amends the eligibility criteria for the North Star Promise scholarship program by increasing the maximum family adjusted gross income from $80,000 to $100,000. Additionally, it specifies that a scholarship may be awarded to eligible students who have not been convicted of fraud related to federal Title IV funds, with the relevant legal language updated to include "title 34" of the Code of Federal Regulations. The bill also establishes that these changes will take effect starting in the fall 2026 academic term.

Furthermore, the bill outlines several financial transfers from the general fund to various accounts, including $2,500,000 each for spinal cord and traumatic brain injury grants, $3,132,000 for the dual training account, and $325,000 for the large animal veterinarian loan forgiveness program, among others. Notably, the amount allocated for North Star Promise scholarships is set to be adjusted, although the specific new figure is not provided in the text. The bill emphasizes the importance of these transfers in supporting higher education initiatives and programs in Minnesota.