Education, Higher - As introduced, creates the public institution athletic program fund, which consists of proceeds from a fee paid by vendors registered with the sports wagering council; authorizes the Tennessee higher education commission to award grants from the fund to public institutions to assist with expenses for recruiting intercollegiate athletes. - Amends TCA Title 4, Chapter 49; Title 9 and Title 49.

Summary

The bill sets up a Public Institution Athletic Program Fund that is financed by a 25% fee on payments sports‑betting vendors receive from licensees. The Tennessee Higher Education Commission will distribute grants from this fund to public four‑year colleges to cover eligible recruiting expenses for intercollegiate athletes. The goal is to help schools attract talent without tapping the state’s general budget.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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