Amends TCA Title 9 and Title 49.

This bill requires the department of education to administer a K-12 block grant program, which grants will be supplemental to BEP funding. From funds available for K-12 block grants on August 1, 2022, the department will distribute grants to each LEA based on the prior year ADM of the LEA. Each LEA may use block grant funds to improve the quality of education within the LEA in a manner deemed appropriate by the local board of education. Block grant funds may not be used for salaries or other recurring expenditures. An LEA must submit a written report, by February 1, 2023, on the use of block grant funds to the department, the state board of education, the finance, ways and means committees of the senate and the house of representatives, the education committee of the senate, the education administration committee of the house of representatives, and the director of the office of legislative budget analysis. This bill provides, from excess state tax revenue over-collected in fiscal years 2020-2021 and 2021-2022 and deposited in the general fund, for an appropriation of $250 million for the grants.