Bill > SB1172

This bill establishes the African American Cultural and Historical Grant Act, which creates a special fund within the state general fund specifically designed to support capital projects that highlight African American contributions, culture, and history. The Tennessee Historical Commission will administer the fund, which will be composed of state appropriations, gifts, and donations. The commission will allocate grants to entities and facilities, with priority given to projects that create new facilities in areas lacking cultural spaces, enhance facilities named after significant African Americans, or restore historic sites. Grant applications will be subject to guidelines established by the commission, and up to 5% of the fund can be used for program administration and marketing. The fund will be invested by the state treasurer, with any accrued interest remaining in the fund, and unspent money will carry forward each fiscal year. The commission is required to submit an annual report to legislative finance committees by March 1st each year, beginning in 2026, detailing the program's status and grant allocations. The bill will take effect on July 1, 2025, and the commission is authorized to create necessary administrative rules in accordance with the Uniform Administrative Procedures Act.

Budget and Finance, Government Affairs

https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB1172&ga=114