State grant program appropriation

SF 47 allocates $316.4 million for fiscal year 2026 and $344.2 million for fiscal year 2027 from the state general fund to support Minnesota's state grant program for higher education. This program, defined under Minnesota Statutes section 136A.121, provides financial aid to eligible students pursuing postsecondary education. The bill allows unused funds from one fiscal year to cover shortfalls in the other year, and establishes a base appropriation of $344.2 million for fiscal year 2028 and all subsequent years. The funding directly supports students receiving state grants, ensuring stable financial assistance for higher education access.