MN SF2548

Amends Minnesota Statutes section 137.022, subdivision 4, governing allocation of income from state mineral lease royalties to the permanent university fund.

Changes maximum scholarship awards from a fixed $6,500 to 75 percent of current resident tuition rates per academic year for mining, mineral-related, or STEM degree programs.

Replaces references to "Mesabi Range Community and Technical College" with "Minnesota North College" and specifies programs offered through the Swenson College of Science and Engineering at Duluth.

Expands eligible scholarship programs from mining, metallurgical, or related engineering degrees to include broader science, technology, engineering, and mathematics (STEM) programs.

Maintains existing fund allocation structure: 50 percent of income split between mineral research ($50,000,000 cap) and engineering/STEM programming endowment ($25,000,000 cap), with remainder directed to general University of Minnesota undergraduate scholarships.