Tenn. Code Ann. § 49-4-705
Termination of Christa McAuliffe Scholarship program
Redline — September 1, 2020 → current.View current text →
Current — September 30, 2020
As of September 1, 2020
The Tennessee student assistance corporation (TSAC) shall administer a scholarship program for Tennesseans who aspire to be exemplary teachers under the following terms and conditions:
(1) Awards made through this program shall be known as the Christa McAuliffe Scholarships;
(2) Funds for the scholarships will be made available through the annual accrued interest from the principal;
(3) TSAC shall develop criteria for the selection of Tennessee citizens with the abilities, interest and enthusiasm for teaching as a career; and
(4) Recipients of awards through the Christa McAuliffe Scholarship program shall apply such funds toward the cost of education at any public or private institution of higher education in this state offering a program of teacher education approved by the department of education for purposes of teacher certification.
The Christa McAuliffe Scholarship program terminates effective August 1, 2020, at which time all funds remaining in the program's investment principal and investment earnings accounts shall be added to the reserve balances held by the student assistance corporation for the student assistance award under § 49-4-301. The transfer of funds is subject to transfer in the general appropriations act.
Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.