Bill > SF4692

This bill modifies eligibility requirements and funding for the North Star Promise scholarship program and makes transfers to other higher education grant and loan forgiveness programs for fiscal years 2026 and 2027. * **North Star Promise Scholarships:** $49,500,000 is transferred from the General Fund in fiscal year 2026 and an unspecified amount in fiscal year 2027 to fund North Star Promise scholarships. Eligibility for this scholarship will be modified starting in the fall 2026 academic term, with income eligibility requirements not applying to students attending state colleges or Tribal colleges. * **Spinal Cord and Traumatic Brain Injury Grant Account:** $2,500,000 is transferred from the General Fund in fiscal year 2026 and $2,500,000 in fiscal year 2027 to this account. Up to ten percent of these funds can be used for program administration. * **Dual Training Account:** $3,132,000 is transferred from the General Fund in fiscal year 2026 and $3,132,000 in fiscal year 2027 to this account. Of this amount, $132,000 each year is for the Department of Labor and Industry to support dual training programs in transportation and child care. Up to five percent of the transferred funds can be used for program administration. * **Large Animal Veterinarian Loan Forgiveness Program Account:** $325,000 is transferred from the General Fund in fiscal year 2026 and $325,000 in fiscal year 2027 to this account. * **Agricultural Education Loan Forgiveness Account:** $45,000 is transferred from the General Fund in fiscal year 2026 and $45,000 in fiscal year 2027 to this account. * **Inclusive Higher Education Grant Account:** $750,000 is transferred from the General Fund in fiscal year 2026 and $750,000 in fiscal year 2027 to this account. Up to five percent of these funds can be used for program administration.