SB2962 - Tennessee: Budget Procedures, Education

Budget Procedures - Requires general appropriations act to first fund K-12 education and then remaining functions of state government. - Amends TCA Title 9, Chapter 4.

Other Fiscal Impact - If funding for the BEP formula related to K-12 education were to fall below 100% in FY09-10 or for any fiscal year thereafter, a shift of funds from other programs would be required to fund K-12 education. Such amount cannot be determined due to several unknown factors. Otherwise, the net impact to state expenditures is estimated to be not significant.