Amends TCA Title 49, Chapter 4, Part 9.
Tennessee SB1085 proposes to amend Title 49, Chapter 4, Part 9 of the Tennessee Code Annotated, specifically regarding the eligibility criteria for postsecondary institutions to accept state lottery proceeds. The bill expands the definition of "eligible independent postsecondary institution" to include private institutions that are candidates for accreditation and have their primary campus located in Tennessee. Key provisions include the requirement for these institutions to be chartered as not-for-profit entities and to meet specific operational criteria related to their educational offerings.
Tennessee SB1085 proposes to amend Title 49, Chapter 4, Part 9 of the Tennessee Code Annotated, specifically regarding the eligibility criteria for postsecondary institutions to accept state lottery proceeds. The bill expands the definition of "eligible independent postsecondary institution" to include private institutions that are candidates for accreditation and have their primary campus located in Tennessee. Key provisions include the requirement for these institutions to be chartered as not-for-profit entities and to meet specific operational criteria related to their educational offerings.
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