Revises the Tennessee Education Lottery Corporation's board of directors, including appointment and term structures.
The bill amends the Tennessee Education Lottery Corporation's governance structure by vacating the existing board and creating a new board of nine directors. Appointments are made by the governor, the speaker of the Senate, and the speaker of the House of Representatives, with terms staggered to ensure continuity. Directors serve without compensation but are reimbursed for per diem and travel expenses. The board must meet quarterly and elect a chair, vice chair, secretary, and treasurer.
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