Tennessee § 49-4-705 - Termination of Christa McAuliffe Scholarship program.
Full text of Tennessee Tennessee Code Annotated § 49-4-705 — Termination of Christa McAuliffe Scholarship program., with citation guidance and answers to common questions.
§ 49-4-705. Termination of Christa McAuliffe Scholarship program.
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. Acts 1986, ch. 812, § 2; 2020, ch. 794, § 18. Compiler's Notes. For the Preamble to the act concerning HOPE Lottery Scholarships and the Tennessee Promise and Reconnect programs, see Acts 2020, ch. 794. Acts 2020, ch. 794, § 1 provided that the act, which amended this section, shall be known and may be cited as the “Financial Aid Simplification for Tennesseans (FAST) Act”. Amendments. The 2020 amendment rewrote the section, which read: “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.” Effective Dates. Acts 2020, ch. 794, § 70. August 1, 2020.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 49-4-705
What does Tennessee Code Annotated § 49-4-705 cover?
Section 49-4-705 ("Termination of Christa McAuliffe Scholarship program.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 49-4-705?
A common citation format is "Tennessee Code Annotated § 49-4-705" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 49-4-705 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.