Amends TCA Title 4, Chapter 51; Title 8, Chapter 4; Title 9 and Title 49.
Tennessee SB0840 establishes a K-12 lottery capital outlay special account and an early learning program account, requiring the comptroller to develop and administer grant programs for capital outlay projects in K-12 educational facilities and pre-kindergarten programs. The bill mandates that any excess lottery funds exceeding $250 million at the end of each fiscal year be transferred equally to these two special accounts. Additionally, it allows for the auditing of local education agencies (LEAs) that accept grants and authorizes the comptroller to cover administrative expenses from the special accounts.
Tennessee SB0840 establishes a K-12 lottery capital outlay special account and an early learning program account, requiring the comptroller to develop and administer grant programs for capital outlay projects in K-12 educational facilities and pre-kindergarten programs. The bill mandates that any excess lottery funds exceeding $250 million at the end of each fiscal year be transferred equally to these two special accounts. Additionally, it allows for the auditing of local education agencies (LEAs) that accept grants and authorizes the comptroller to cover administrative expenses from the special accounts.
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Walley, Page
114th General Assembly
February 4, 2025
February 17, 2026
Assigned to General Subcommittee of Senate Education Committee