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TN HB2106
Bill
Status
2/2/2026
Primary Sponsor
William Lamberth
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AI Summary
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Beginning in fiscal year 2025-2026, excess funds from the lottery for education account must be transferred to the Tennessee Promise scholarship special reserve account on at least an annual basis
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Transfers occur when lottery education account funds exceed the general shortfall reserve subaccount plus $10 million
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Annual transfers to the Tennessee Promise scholarship reserve are capped at $10,000,000 per fiscal year
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State treasurer and commissioner of finance and administration determine whether transfers occur more frequently than annually
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Takes effect immediately upon becoming law
Legislative Description
AN ACT to amend Tennessee Code Annotated, Section 49-4-708, relative to the Tennessee Promise scholarship endowment fund.
Education, Higher
Last Action
Placed on s/c cal Finance, Ways, and Means Subcommittee for 3/18/2026
3/11/2026