Tennessee HB1863 requires a report on years when lottery proceeds were insufficient to fully fund scholarships and grants.
Tennessee HB1863 mandates the Tennessee higher education commission (THEC) to submit a one-time report to specified committees identifying fiscal years since 2004 when net lottery proceeds were insufficient to fully fund scholarships and grants. The report must detail any pro rata reductions in scholarship and grant amounts or draws on the general shortfall reserve subaccount to cover educational program appropriations. THEC must submit this report by October 1, 2027, covering fiscal years from 2004 through 2026.
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