Minnesota SF3878 authorizes scholarship-granting organizations and sets eligibility criteria.

Minnesota SF3878 authorizes scholarship-granting organizations by defining them as nonprofit corporations exempt from federal income tax. These organizations must comply with U.S. Department of Treasury rules, verify household income and family size, avoid self-dealing, and award scholarships to at least ten students. They must also spend at least 90% of income on student scholarships, prioritize returning students and siblings, and not earmark funding for specific students. The Department of Education must post a list of eligible organizations on its website.

Minnesota SF3878 authorizes scholarship-granting organizations and sets eligibility criteria.

Minnesota SF3878 authorizes scholarship-granting organizations by defining them as nonprofit corporations exempt from federal income tax. These organizations must comply with U.S. Department of Treasury rules, verify household income and family size, avoid self-dealing, and award scholarships to at least ten students. They must also spend at least 90% of income on student scholarships, prioritize returning students and siblings, and not earmark funding for specific students. The Department of Education must post a list of eligible organizations on its website.