Tenn. Comp. R. & Regs. 1640-01-26-.11 - TENNESSEE PROMISE SCHOLARSHIP REFORMS

(1) In the event funds are insufficient to fully fund the cost of Tennessee Promise scholarships, TSAC is authorized to take one or more of the following actions:

(a) Establish a maximum award amount,

(b) Establish additional eligibility criteria for new applicants entering the program,

(c) Administer the program on a first-come, first-served basis.

(2) Any action taken by TSAC as described in subsection (1) of this section shall require approval by TSAC's Board of Directors and notification shall be provided to the chairs of the Senate and House Education Committees of the Tennessee General Assembly.

Notes

Tenn. Comp. R. & Regs. 1640-01-26-.11

Emergency rule filed August 14, 2014; effective through February 10, 2015. Original rule filed August 14, 2014; effective November 12, 2014. Amendments filed August 7, 2023; effective November 5, 2023. Rule was previously numbered 1640-01-26-.12 but was renumbered 1640-01-26-.11 with the deletion of rule 1640-01-26-.05 filed November 22, 2024; effective 2/20/2025. Amendments filed November 22, 2024; effective 2/20/2025.

Authority: T.C.A. §§ 49-4-201, 49-4-204, and 49-4-708.