Amends TCA Title 4, Chapter 49; Title 4, Chapter 51 and Title 49, Chapter 4.

Tennessee SB2078 requires the Tennessee Higher Education Commission to report to the education and finance committees of the Senate and House of Representatives on any fiscal year since 2004 in which net lottery proceeds were insufficient to fully fund specific scholarships and grants, leading to pro rata reductions in award amounts or the use of the general shortfall reserve subaccount. This bill affects the administration of scholarship and grant funding in Tennessee, specifically regarding the financial oversight of lottery proceeds. Key provisions include the identification of fiscal years with funding shortfalls and the requirement for reporting to legislative committees.