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Bill > HF2535
MN HF2535
MN HF2535Grants to aspiring educators provided, endowment established, and money appropriated.
summary
Introduced
03/02/2023
03/02/2023
In Committee
03/02/2023
03/02/2023
Crossed Over
Passed
Dead
05/20/2024
05/20/2024
Introduced Session
93rd Legislature 2023-2024
Bill Summary
A bill for an act relating to education; providing grants to aspiring educators; establishing an endowment; appropriating money; amending Minnesota Statutes 2022, sections 290.0132, by adding a subdivision; 290.091, subdivision 2, as amended; proposing coding for new law in Minnesota Statutes, chapter 127A.
AI Summary
This bill establishes a teacher pipeline endowment to encourage and support aspiring teachers, particularly in areas with teacher shortages. The endowment will be funded through state appropriations and private contributions, and the annual income from the endowment will be used to provide grants to eligible aspiring teachers. The bill also provides that the grant amounts are not considered income for various state assistance programs, and it allows the Commissioner of Education and the Commissioner of the Office of Higher Education to establish a grant program to subsidize teacher retention programs. The bill also amends the state's alternative minimum tax law to exclude the grants from taxable income.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Introduction and first reading, referred to Education Finance (on 03/02/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF2535&ssn=0&y=2023 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=HF2535&version=0&session=ls93&session_year=2023&session_number=0&format=pdf |
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