HB3968 - Tennessee: Lottery, Scholarships And Programs

Companion Bill SB4101. 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 *HB3968 / SB4101Other Fiscal Impact - Increases the expenditure of lottery proceeds earmarked for scholarships and grants by $73,562,000 in FY08-09 and by $79,935,600 in FY09-10. Bill Summary for *HB3968 / SB4101 This bill makes the following changes to lottery-funded financial aid for higher education: (1) This bill changes the income limitation for ASPIRE awards, access grants, and nontraditional scholarships from an adjusted gross income not exceeding $36,000 to an adjusted gross income not exceeding $45,000; (2) This bill provides for continuing eligibility for the HOPE scholarship being reviewed at the end of the academic year rather [...]

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