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TN HB1147

TN HB1147
AN ACT to amend Tennessee Code Annotated, Title 49, relative to higher education.


summary

Introduced
02/05/2025
In Committee
04/02/2025
Crossed Over
Passed
Dead

Introduced Session

Potential new amendment
114th General Assembly

Bill Summary

As introduced, requires the Tennessee student assistance corporation to submit an annual report, by July 31 each year, to legislative committees having jurisdiction over postsecondary education detailing, for each of the five immediately preceding academic years for which the corporation awarded scholarships, the amount appropriated by the general assembly for the scholarship program, the total number of scholarship applications received by the corporation, the total number of scholarship recipients, and the average scholarship award amount. - Amends TCA Title 49.

AI Summary

This bill requires the Tennessee Student Assistance Corporation (TSAC), a state agency responsible for managing student financial aid, to submit a detailed annual report to the Tennessee legislature's education committees by July 31st each year. The report must cover the previous five academic years and include specific information about scholarship programs, such as the total amount of money appropriated by the state legislature for scholarships, the number of scholarship applications received, the total number of scholarship recipients, and the average scholarship award amount. The first such report is to be submitted by July 31, 2025, with subsequent reports due by the same date each year thereafter. The purpose of this bill appears to be increasing transparency and providing legislators with comprehensive data about the state's scholarship programs, which can help inform future funding and policy decisions related to higher education financial assistance in Tennessee.

Committee Categories

Budget and Finance, Education

Sponsors (2)

Last Action

Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/14/2025 (on 04/14/2025)

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