Lottery money would be used to send Iraq veterans to school
By LUCAS L. JOHNSON II
Associated Press Writer
NASHVILLE (AP) — Members of a Senate lottery subcommittee say they support legislation that would use excess lottery funds to allow honorably discharged Iraq and Afghanistan veterans to attend school.
The bill sponsored by Senate Democratic Leader Jim Kyle of Memphis was one of several given positive recommendations by the subcommittee Wednesday.
Kyle’s legislation would take a one-time amount of $25 million from lottery reserves and place it in an endowment. Interest would then be used to fund the grants.
The state has about $410 million in lottery reserves, according to the Tennessee Higher Education Commission.
Read the full text of SB2397 on the General Assembly’s Web site at: http://www.legislature.state.tn.us
Published in The Messenger 3.20.08
lottery, Tennessee, veterans