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TN SB2078
Bill
Status
1/22/2026
Primary Sponsor
Bo Watson
Click for details
AI Summary
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Tennessee Higher Education Commission (THEC) must submit a one-time report to legislative education and finance committees identifying any fiscal year since 2004 when net lottery proceeds failed to fully fund lottery-funded scholarships and grants
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Report must document instances where funding shortfalls resulted in pro rata reductions to scholarship and grant awards
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Report must also identify years when the general shortfall reserve subaccount was tapped to cover deficiencies in the lottery for education account
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Report covers fiscal years 2004 through 2026 and is due no later than October 1, 2027
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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 General Subcommittee of Senate Education Committee
3/11/2026