Tennessee HB 2504: Education - As introduced, creates a fund to assist LEAs in complying with the ready graduate indicator in the school and district accountability models. - Amends TCA Title 49.

Bill Text

HB2504
013466
-1-

SENATE BILL 2218
By Southerland

HOUSE BILL 2504
By Hawk

AN ACT to amend Tennessee Code Annotated, Title 49,
relative to education.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Title 49, Chapter 3, Part 3, is amended by
adding the following language as a new section:
In addition to BEP funds otherwise available under this chapter, there is
authorized an additional fund, to be called the ready graduate fund, to provide grants to
assist LEAs in meeting the requirements of the ready graduate indicator in the
accountability models for schools and school systems. The department of education
shall administer the ready graduate fund and shall develop procedures by which LEAs
may apply for grants. An LEA that receives moneys from the ready graduate fund must
use the moneys received to cover the costs of the LEA and the LEA's schools and
students in complying with the requirements of the ready graduate indicator. The
department shall allocate and distribute funds to LEAs under this section pursuant to an
equitable formula adopted by the department. The department shall not distribute funds
to cover the costs of compliance with the requirements of the ready graduate indicator
unless the funds are appropriated to the ready graduate fund in the general
appropriations act. All funds remaining in the ready graduate fund at the end of a fiscal
year shall revert to the general fund.
SECTION 2. This act shall take effect July 1, 2020, the public welfare requiring it.