Minnesota SF 3120: Children's residential treatment modifications

Status: Referred to Human Services Reform Finance and Policy (as of 2022-02-14)

State: Minnesota · Session: 2021-2022 · Bill: SF 3120

Subjects: Children and Families, Health and Health Department

Sponsors: Utke

Bill Text

1.1 A bill for an act
1.2 relating to higher education; establishing a children's savings account program for
1.3 higher education in certain counties; creating a pilot grant program; requiring a
1.4 report; appropriating money; amending Minnesota Statutes 2024, section 136G.03,
1.5 subdivision 1, by adding subdivisions; proposing coding for new law in Minnesota
1.6 Statutes, chapter 136G.
1.7 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.8 Section 1. Minnesota Statutes 2024, section 136G.03, subdivision 1, is amended to read:
1.9 Subdivision 1.General.For purposes of sections 136G.01 to 136G.14 136G.16, the
1.10 following terms have the meanings given.
1.11 Sec. 2. Minnesota Statutes 2024, section 136G.03, is amended by adding a subdivision to
1.12 read:
1.13 Subd. 6a.Children's higher education investment account."Children's higher education
1.14 investment account" means the account established in the special revenue fund under section
1.15 136G.15, subdivision 7.
1.16 Sec. 3. Minnesota Statutes 2024, section 136G.03, is amended by adding a subdivision to
1.17 read:
1.18 Subd. 12a.Eligible child."Eligible child" means a current Minnesota resident under 18
1.19 years of age, born on or after July 1, 2026, in either:
1.20 (1) Stearns, Wright, Sherburne, Rice, or Benton counties; or
1Sec. 3.
S3120-1 1st EngrossmentSF3120 REVISOR TW
SENATE
STATE OF MINNESOTA
S.F. No. 3120NINETY-FOURTH SESSION
(SENATE AUTHORS: PUTNAM, Kupec and Coleman)
OFFICIAL STATUSD-PGDATE
Introduction and first reading124504/01/2025
Referred to Higher Education
Comm report: To pass as amended and re-refer to Health and Human Services7009a03/26/2026
Author added Coleman808004/15/2026

2.1 (2) Ramsey or Hennepin counties, if the child's biological mother is eligible for the
2.2 medical assistance program under chapter 256B.
2.3 Sec. 4. Minnesota Statutes 2024, section 136G.03, is amended by adding a subdivision to
2.4 read:
2.5 Subd. 17a.Low-income households."Low-income households" means households
2.6 where children or households are identified by the commissioner or by other means as
2.7 low-income for purposes of the program.
2.8 Sec. 5. Minnesota Statutes 2024, section 136G.03, is amended by adding a subdivision to
2.9 read:
2.10 Subd. 21b.MinneKIDS account."MinneKIDS account" means an account created by
2.11 the commissioner in which designated money for an eligible child is held.
2.12 Sec. 6. Minnesota Statutes 2024, section 136G.03, is amended by adding a subdivision to
2.13 read:
2.14 Subd. 21c.MinneKIDS affiliate."MinneKIDS affiliate" means an entity designated
2.15 by the commissioner to contribute to MinneKIDS accounts under section 136G.15.
2.16 Sec. 7. [136G.15] MINNESOTA KIDS INVESTMENT AND DEVELOPMENT
2.17 SCHOLARSHIP PROGRAM.
2.18 Subdivision 1.MinneKIDS accounts.(a) The commissioner must create a MinneKIDS
2.19 account on behalf of an eligible child no more than 90 days after:
2.20 (1) receiving birth data for an eligible child from the Department of Health pursuant to
2.21 subdivision 4; or
2.22 (2) receiving a request from a parent or guardian of an eligible child that does not have
2.23 a MinneKIDS account.
2.24 (b) The commissioner must provide the parent or guardian a simple process for opting
2.25 the parent or guardian's eligible child out of the MinneKIDS account program. Within 30
2.26 days of receiving a request to opt an eligible child out of the MinneKIDS account program,
2.27 the commissioner must close the eligible child's MinneKIDS account and return any money
2.28 in the account to the children's higher education investment account.
2Sec. 7.
S3120-1 1st EngrossmentSF3120 REVISOR TW

3.1 (c) Only the commissioner, the plan administrator, a MinneKIDS affiliate, or other entity,
3.2 individual, or government approved by the commissioner may contribute money to an
3.3 eligible child's MinneKIDS account.
3.4 (d) Money deposited in a MinneKIDS account must be invested pursuant to section
3.5 136G.07.
3.6 (e) A MinneKIDS account established pursuant to this section, any additional deposits,
3.7 and any investment earnings will remain assets of and be owned by the state until used for
3.8 the payment of qualified higher education expenses at an eligible education institution.
3.9 (f) The commissioner may accept for deposit into the children's higher education
3.10 investment account gifts, grants, awards, matching contributions, interest income, and
3.11 appropriations from individuals, businesses, state and local governmental entities, and
3.12 nonstate and third-party sources for the program on terms the commissioner deems advisable.
3.13 Subd. 2.Parent or guardian notification.(a) No more than 30 days after creating a
3.14 MinneKIDS account for an eligible child pursuant to subdivision 1, and then at least once
3.15 in each subsequent year until the MinneKIDS account is closed, the commissioner must
3.16 not

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