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TN SB2159
TN SB2159AN ACT to amend Tennessee Code Annotated, Section 49-4-708, relative to the Tennessee Promise scholarship endowment fund.
summary
Introduced
02/02/2026
02/02/2026
In Committee
Crossed Over
Passed
Dead
Introduced Session
114th General Assembly
Bill Summary
As introduced, caps at $10 million per fiscal year the total amount of funds in the lottery for education account that may be transferred to the Tennessee Promise scholarship special reserve account. - Amends TCA Section 49-4-708.
AI Summary
This bill proposes to amend Tennessee Code Annotated, Section 49-4-708, concerning the Tennessee Promise scholarship endowment fund, by establishing a cap of $10 million per fiscal year on the total amount of funds that can be transferred from the lottery for education account to the Tennessee Promise scholarship special reserve account. 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. The bill specifies that this $10 million limit applies to funds transferred beginning in the 2025-2026 fiscal year, ensuring that no more than this amount is allocated to the scholarship reserve account annually, even if more funds are available in the lottery account beyond a general shortfall reserve and the $10 million itself.
Committee Categories
Education
Sponsors (1)
Last Action
Action deferred in Senate Education Committee to 3/4/2026 (on 02/25/2026)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/Default?BillNumber=SB2159&ga=114 |
| Fiscal Note - HB2106 | https://www.capitol.tn.gov/Bills/114/Fiscal/HB2106.pdf |
| BillText | https://www.capitol.tn.gov/Bills/114/Bill/SB2159.pdf |
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