This bill amends a previous law related to education finance in Minnesota by increasing the award amounts for Innovative Incubator Service-Learning Grants. The grants aim to support service-learning programs for students in kindergarten through grade 12 by fostering student-designed, student-led projects in collaboration with schools and community-based organizations.

Key provisions of the bill include: - Eligibility: Schools (districts, charter schools, Tribal contract or grant schools) and cooperative units can apply. Partnerships must include students, school employees, and at least one community-based partner. - Grant Purpose: To enhance student engagement, academic achievement, civic engagement, and career readiness through service-learning experiences. - Grant Amounts: Each grant award is increased from a maximum of $50,000 to $75,000. There will be up to 32 grants awarded across Minnesota. - Funding Requirements: Grantees must provide a 50% funding match (unless waived for schools with high poverty rates) and allocate at least 50% of the awarded funds to a community partner. - Reporting: Grant recipients must submit reports on educational and community outcomes. The Minnesota Department of Education must submit a report to the legislature on these outcomes by February 15, 2025, and every two years thereafter.

The overall goal of this bill is to expand and strengthen service-learning initiatives in Minnesota schools by increasing financial support and ensuring equitable distribution of funds statewide.