HB2526 - Tennessee: Lottery, Scholarships And Programs

Companion Bill SB2775. Lottery, Scholarships and Programs - Establishes free community college scholarship program funded from net lottery proceeds. - Amends TCA Title 49, Chapter 4, Part 9. Fiscal Summary for *HB2526 / SB2775Other Fiscal Impact - Increases the expenditure of lottery proceeds earmarked for scholarships and grants by $2,529,200 in FY08-09 and by $3,792,800 in FY09-10. Bill Summary for *HB2526 / SB2775 This bill establishes a "free community college scholarship" for students who enroll in a Tennessee board of regents community or technical community college no later than 16 months after completion of high school and attain at least 19 on the ACT math test, at least 19 on the ACT reading test, and at least a 19 composite on the ACT. To remain eligible for the award, the student must achieve the GPA required for HOPE scholarships [...]

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