SB3572 - Tennessee: Lottery, Scholarships And Programs

Companion Bill HB2737. Lottery, Scholarships and Programs - Creates the Tennessee Education Lottery financial assistance grant for certain students who are financially needy. - Amends TCA Title 49, Chapter 4, Part 9. Fiscal Summary for SB3572 / *HB2737Other Fiscal Impact - Increases the expenditure of lottery proceeds earmarked for scholarships and grants by $20,019,000 in FY08-09 and by $34,832,000 in FY09-10. Bill Summary for SB3572 / *HB2737 This bill creates a lottery-funded grant for attendance at an eligible postsecondary institution, to be known as the TEL grant. To be eligible for the grant, a student must: (1) Meet the general, nonacademic requirements for a HOPE scholarship or HOPE access grant as an entering freshman or as a transfer student in the 2008-2009 academic year or an academic year thereafter OR be a first time [...]

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