HB4179 - Tennessee - Lottery, Scholarships And Programs

Companion Bill SB4127. Lottery, Scholarships and Programs - Enacts the "Tennessee Back to Class Act of 2008." - Amends TCA Title 4, Chapter 51 and Title 49, Chapter 4, Part 9. Fiscal Summary for *HB4179 / SB4127Other Fiscal Impact - Transfers $100,000,000 from the Lottery for Education Account to the Tennessee Back to Class Grant Fund, for the purpose of funding the Tennessee Back to Class Act of 2008. This transfer will reduce the amount of funding available for eligible recipients of traditional HOPE scholarships and grants. Increases the expenditure of funds from the Tennessee Back to Class Grant Fund by $3,442,000 in FY08-09 and by $3,614,100 in FY09-10. Bill Summary for *HB4179 / SB4127 This bill authorizes the issuance of Tennessee back to class grants. To be eligible for a Tennessee back to class grant, a student would be required [...]

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