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HF 2731

Junior Achievement North grant authorized for expansion of its student financial literacy activities, reports required, and money appropriated.

2025-2026 Regular Session Introduced by Josiah Hill

The bill creates a multi-year state grant of $1 million per year to Junior Achievement North to expand financial literacy, career readiness, and entrepreneurship programs, prioriti

Introduction and first reading, referred to Education Finance
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Bill Summary · HF 2731

Summary of HF 2731 (2025-2026) – Minnesota

Purpose of the Bill

HF 2731 authorizes a state grant to Junior Achievement North (JA North) to expand student financial literacy, career readiness, and entrepreneurship programming for elementary and secondary students. The bill establishes the appropriation from the general fund, sets requirements for grant usage, reporting, and directs attention to expanding access for underserved students and greaterMinnesota participation.

Key Provisions

  • Funding and appropriation

    • Creates a multi-year General Fund grant to Junior Achievement North.
    • Amounts:
    • Fiscal Year 2026: $1,000,000
    • Fiscal Year 2027: $1,000,000
    • The grant program is aligned with the evidence-based education grants framework under Minnesota Statutes, section 127A.20.

  • Use of funds

    • JA North must use the grant to expand participation in:
    • Financial literacy programs
    • Career readiness programs
    • Entrepreneurship programs
    • There is a specific emphasis on expanding opportunities for underserved students.
    • Programs should be provided equitably to students in greater Minnesota to the extent possible.

  • Reporting requirements

    • JA North must report to the chairs and ranking minority members of the legislative committees with jurisdiction over education by February 1 of each year that the appropriation is received.
    • Required elements in the report (in addition to other applicable statutory requirements):
    • Operations information, including the most recent audit.
    • Description of the financial literacy, career readiness, and entrepreneurship programs offered that year.
    • Participation and demographic information about students and schools served.
    • Description of partnerships with other financial literacy organizations.

  • Compliance and oversight

    • The grant is subject to the procedures for evidence-based education grants under Minnesota Statutes, section 127A.20.
    • Reports must comply with Minnesota Statutes, section 3.195 regarding timing and distribution of information.

Who Is Affected

  • Primary recipient: Junior Achievement North (JA North) receives the state grant.
  • Beneficiaries: Elementary and secondary students in Minnesota who participate in JA North’s financial literacy, career readiness, and entrepreneurship programs.
  • Equity and access focus: Special emphasis on underserved students and greater Minnesota participation to promote equitable access to programming.

Timeline and Procedural Aspects

  • Effective date and implementation: The bill provides appropriations for fiscal years 2026 and 2027. Specific start dates align with the state fiscal year cycle.
  • Reporting timeline: Annual report due by February 1 in the year following each appropriation period.
  • Legislative path to funding: Appropriation is contingent on compliance with statutory grant procedures (evidence-based education grants) and the reporting requirements.

Notable Details

  • The bill explicitly states the grant must be consistent with the evidence-based education grant framework and requires JA North to prioritize expanding access for underserved populations and, where possible, deliver impact in Greater Minnesota.
  • The text references standard reporting and audit considerations, signaling accountability for the use of public funds.

If you’d like, I can tailor this summary for a particular audience (e.g., policymakers, educators, or community organizations) or add a comparison with similar prior or pending Minnesota education funding initiatives.

Compiled from official sources — confirm details with the bill’s official record.

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