Bill > HB2106

This bill amends Tennessee Code Annotated, Section 49-4-708, to place a cap of $10 million per fiscal year on the amount of funds that can be transferred from the lottery for education account to the Tennessee Promise scholarship special reserve account, starting in the 2025-2026 fiscal year. The lottery for education account is a fund established to support educational initiatives, and the Tennessee Promise scholarship is a program that provides scholarships for eligible students to attend community or technical colleges in Tennessee. This change ensures that no more than $10 million from the lottery funds will be allocated to the scholarship reserve each year, regardless of how much excess money is available in the lottery account.