Tennessee Code 49-4-705 – Termination of Christa McAuliffe Scholarship program
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Terms Used In Tennessee Code 49-4-705
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
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.