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TN HB1863
Bill
Status
1/21/2026
Primary Sponsor
Gary Hicks
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AI Summary
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Tennessee Higher Education Commission (THEC) must submit a one-time report to Senate and House education and finance committees identifying fiscal years since 2004 when net lottery proceeds were insufficient to fully fund lottery-funded scholarships and grants.
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Report must document any instances of pro rata reductions in scholarship and grant awards due to funding shortfalls.
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Report must identify any draws upon the general shortfall reserve subaccount used to cover deficiencies in the lottery for education account.
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Report deadline is October 1, 2027, covering fiscal years 2004 through 2026.
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Act takes effect immediately upon becoming law.
Legislative Description
AN ACT to amend Tennessee Code Annotated, Title 4, Chapter 49; Title 4, Chapter 51 and Title 49, Chapter 4, relative to safeguarding financial aid programs funded using net lottery proceeds.
Lottery, Scholarships and Programs
Last Action
Assigned to s/c Higher Education Subcommittee
2/2/2026