Tenn. Comp. R. & Regs. 1640-01-26-.12 - 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 Rule 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
Authority: T.C.A. ยงยง 49-4-201, 49-4-204, and 49-4-708.
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