SB3579 - Tennessee: Lottery, Scholarships And Programs

Companion Bill HB3187. Lottery, Scholarships and Programs - Divides lottery scholarship ASPIRE award into a grant and a required work-study program. - Amends TCA Section 49-4-915. Fiscal Summary for SB3579 / *HB3187Other Fiscal Impact - Decreases the expenditures of lottery proceeds earmarked for scholarships and grants by $8,109,200 in FY08-09 and by $8,726,500 in FY09-10. Bill Summary for SB3579 / *HB3187 Under present law, a HOPE scholarship recipient is eligible for an additional award, known as the "ASPIRE" award, if the student has an adjusted gross income attributable to the student that does not exceed $36,000. The amount of the award for an academic year is set each year in the general appropriations act. Presently, the award is $1,500. This bill rewrites the present law provisions regarding an ASPIRE award. Under this [...]

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