HB0044 - Tennessee: Comptroller, State, Lottery, Scholarships And Programs

Companion Bill SB0479. Lottery, Scholarships and Programs - Creates lottery funded capital outlay fund; establishes grant program for capital outlay projects for K-12 educational facilities administered by comptroller of the treasury. - Amends TCA Title 4, Chapter 51, Part 1; Title 8, Chapter 4; Title 9, Chapter 4; Title 9, Chapter 9, Part 1 and Title 49. Fiscal Summary for *HB0044 / SB0479Other Fiscal Impact - The fiscal impact of this bill is dependent upon (1) the extent of excess net lottery proceeds in any given year and (2) the extent of appropriations made by the General Assembly in any given year from the Lottery for Education Account to the Lottery Capital Outlay Special Account. As a result, determining a precise fiscal impact for this bill is difficult. However, such local government grants (funds earmarked for lottery scholarships and grants under current law) [...]

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