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SB0736 • 2026

Scholarships and Financial Aid

AN ACT to amend Tennessee Code Annotated, Title 49, Chapter 4, relative to financial aid.

Education
Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Pody, Sherrell
Last action
2025-02-12
Official status
Passed on Second Consideration, refer to Senate Education Committee
Effective date
Not listed

Plain English Breakdown

The official source material does not provide details on what happens if organizations do not meet the filing deadline or how this change will affect operations.

Scholarship Reporting Deadline Extension

This bill changes the deadline for not-for-profit organizations managing educational cooperative plans or scholarship programs to file their financial reports with the state from March 1 to March 30.

What This Bill Does

  • Changes the filing deadline for not-for-profit corporations and associations that manage educational cooperative plans or scholarship programs in Tennessee from March 1 to March 30.

Who It Names or Affects

  • Not-for-profit corporations and associations that administer an educational cooperative plan or scholarship plan in Tennessee.

Terms To Know

Educational Cooperative Plan
A financial support arrangement for education set up by not-for-profits, including scholarships.
Scholarship Plan
An arrangement where funds are given to help students pay for school expenses.

Limits and Unknowns

  • The bill does not specify the consequences if organizations do not meet the new deadline.
  • It is unclear how this change will affect the operations of these organizations.

Bill History

  1. 2025-02-12 Tennessee General Assembly

    Passed on Second Consideration, refer to Senate Education Committee

  2. 2025-02-10 Tennessee General Assembly

    Introduced, Passed on First Consideration

  3. 2025-02-06 Tennessee General Assembly

    P2C, caption bill, held on desk - pending amdt.

  4. 2025-02-05 Tennessee General Assembly

    Intro., P1C.

  5. 2025-02-04 Tennessee General Assembly

    Filed for introduction

  6. 2025-02-03 Tennessee General Assembly

    Filed for introduction

Official Summary Text

Abstract summarizes the bill.

Current Bill Text

Read the full stored bill text 
HOUSE BILL 669
By Sherrell

SENATE BILL 736
By Pody

SB0736
002530
- 1 -

AN ACT to amend Tennessee Code Annotated, Title 49,
Chapter 4, relative to financial aid.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Section 49-4-109(a), is amended by deleting
"March 1" and substituting "March 30".
SECTION 2. This act takes effect upon becoming a law, the public welfare requiring it.