Bill > SB2159

This bill proposes to amend Tennessee Code Annotated, Section 49-4-708, by establishing 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. 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 aims to limit the annual contribution from the lottery account to the scholarship reserve, ensuring a predictable financial framework for the scholarship program.