summary
Introduced
03/06/2023
03/06/2023
In Committee
03/06/2023
03/06/2023
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 program 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 income from the endowment will be used to provide grants of up to $5,000 per year to eligible aspiring teachers. The grants are not considered income for purposes of eligibility for various state assistance programs. The bill also allows the commissioners of education and higher education to establish a grant program to subsidize teacher retention programs. The bill makes the grants received under the program a subtraction for state income tax purposes and appropriates funds to the Department of Education for the teacher endowment fund.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred to Education Finance (on 03/06/2023)
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=Senate&f=SF2575&ssn=0&y=2023 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=SF2575&version=0&session=ls93&session_year=2023&session_number=0&format=pdf |
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