MN SF2881

Modifies allocation of mining royalty income within Minnesota's permanent university fund, changing the distribution formula from two-way to four-way split beginning January 1, 2026

Increases the endowed mineral research account cap from $50 million to $150 million for the Natural Resources Research Institute-Duluth and Coleraine facilities for mineral and mineral-related research

Creates new one-fourth allocation for Natural Resources Research Institute general operating and research costs

Establishes scholarships for Minnesota students (prioritizing Economic Development Region 3) to attend mining, mineral, or STEM degree programs at University of Minnesota-Duluth and Minnesota North College, capped at 75% of resident tuition for up to four years

Redistributes remainder income after account caps are met to the endowed scholarship account for undergraduate resident students across all University of Minnesota campuses