Amends TCA Section 49-4-708.
Tennessee SB2159 amends TCA Section 49-4-708 by capping the total amount of funds that can be transferred from the lottery for education account to the Tennessee Promise scholarship special reserve account at $10 million per fiscal year. This bill affects the funding mechanisms for the Tennessee Promise scholarship program, which provides financial assistance for students pursuing post-secondary education. The key provision establishes a limit on the annual transfers to ensure fiscal constraints on the scholarship reserve account.
Tennessee SB2159 amends TCA Section 49-4-708 by capping the total amount of funds that can be transferred from the lottery for education account to the Tennessee Promise scholarship special reserve account at $10 million per fiscal year. This bill affects the funding mechanisms for the Tennessee Promise scholarship program, which provides financial assistance for students pursuing post-secondary education. The key provision establishes a limit on the annual transfers to ensure fiscal constraints on the scholarship reserve account.
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