Shown verbatim: the complete text as captured from the official PDF posted by the Tennessee General Assembly, fetched 2026-09-25. Page and line markers are part of the official record; nothing is edited or removed. This is the chaptered version. The official bill page.
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PUBLIC CHAPTER NO. 975
SENATE BILL NO. 2159
By Watson, Stevens
Substituted for: House Bill No. 2106
By Lamberth
AN ACT to amend Tennessee Code Annotated, Section 49-4-708, relative to the Tennessee
Promise scholarship endowment fund.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Section 49-4-708(d)(7), is amended by deleting
the first sentence and substituting instead:
Beginning in fiscal year 2025-2026, funds in the lottery for education account,
established in § 4-51-111 (b), in excess of the sum of the general shortfall reserve
subaccount provided in § 4-51-111 (b)(3) and ten million dollars ($10,000,000), must be
transferred to the Tennessee Promise scholarship special reserve account on ·at least an
annual basis or more frequently as determined by the state treasurer and the commissioner
of finance and administration; provided, that the amount transferred for each fiscal year must
not exceed ten million dollars ($10,000,000).
SECTION 2. This act takes effect upon becoming a law, the public welfare requiring it.
SENATE BILL NO. 2159
PASSED: April 20, 2026
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RANDY I~
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SPEAKER OF THE SENATE
CAMEROR'SEXTON,SPEAKER
HOUSE OF REPRESENTATIVES
APPROVED this f2:ztL day of ~ 2026
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