HB3420 - Tennessee - Lottery, Scholarships And Programs

Companion Bill SB2773. Lottery, Scholarships and Programs - Allows student whose parent relocates out of state on an employer work assignment for more than one year to be eligible for a Tennessee HOPE scholarship; provided that the parent intends to return to Tennessee at the end of the assignment and the student meets all eligibility requirements for the scholarship other than completing high school in Tennessee and residing in Tennessee immediately prior to application for the scholarship. - Amends TCA Title 49, Chapter 4, Part 9. Fiscal Summary for HB3420 / *SB2773Other Fiscal Impact - Increases the expenditure of lottery proceeds earmarked for scholarships and grants by $400,000 in FY08-09 and by $440,000 in FY09-10. Bill Summary for HB3420 / *SB2773 Included among the eligibility requirements for a HOPE scholarship under present law [...]

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