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TN HB0966
Bill
Status
2/5/2025
Primary Sponsor
David Hawk
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AI Summary
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Creates two special accounts in the state treasury: the "K-12 lottery capital outlay special account" for school facility capital projects and the "early learning program account" for pre-K programs
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Excess lottery funds exceeding $250,000,000 in the lottery for education account at fiscal year-end must be split equally between the two new accounts
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Comptroller of the Treasury must develop and administer grant programs for both accounts, establishing uniform application processes and need-based matching requirements for local education agencies (LEAs)
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Grants are allocated annually to LEAs based on their proportion of average daily membership to statewide totals, with unawarded amounts carrying forward for individual LEAs
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Funds must supplement, not supplant, existing non-lottery educational resources, and unexpended balances plus accrued interest remain in the accounts rather than reverting to the general fund
Legislative Description
AN ACT to amend Tennessee Code Annotated, Title 4, Chapter 51; Title 8, Chapter 4; Title 9 and Title 49, relative to the use of excess lottery funds pursuant to Article XI, Section 5 of the Constitution of Tennessee.
Lottery, Scholarships and Programs
Last Action
Assigned to s/c K-12 Subcommittee
2/11/2025