SB3557 - Tennessee: Lottery, Scholarships And Programs

Companion Bill HB3289. Lottery, Scholarships and Programs - Makes changes to the scholarship programs funded by net lottery proceeds. - Amends TCA Title 49, Chapter 4, Part 9. Fiscal Summary for SB3557 / *HB3289Increase State Expenditures - $3,400/Each One-Day Meeting Other Fiscal Impact - Increases the expenditure of lottery proceeds earmarked for scholarships and grants by $30,999,000 in FY08-09 and by $38,545,000 in FY09-10. Bill Summary for SB3557 / *HB3289 Present law provides several lottery-funded scholarships for postsecondary education that are dependent on the financial status of the student or the student's parent or parents. In defining eligibility for these scholarships, present law utilizes the adjusted gross income as reported on the Free Application for Federal Student Aid. Under present law, the ASPIRE award, the HOPE access [...]

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