reglab/housing_qa huggingface dataset:
TN Code § 49-7-404 (2021)
2021 Tennessee Code|Title 49 - Education|Chapter 7 - Postsecondary and Higher Education Generally|Part 4 - State Assistance to Private Colleges|§ 49-7-404. General Dentistry Training Programs

  It is the intent and purpose of this section to promote the preparation, education and training of doctors for general dentistry in this state by encouraging Meharry Medical College to continue its efforts for the continuation of an expanded general dentist practice residency that includes training in medically underserved middle Tennessee communities.    In addition to the dental programs already provided for and funded by the state, financial support shall also be provided for the development, enlargement and continuation of Meharry Medical College's graduate training program in general practice for dentists, which shall prepare them for the general dentistry practice.   Funding for the Meharry general dentistry residency program shall not exceed forty thousand dollars ($40,000) per year per resident in training.      For the 1981-1982 academic school year, funding shall not exceed ninety-two thousand dollars ($92,000), enabling six (6) residents to be trained; funding for 1982-1983 shall be projected as not exceeding one hundred thousand dollars ($100,000) for the training of six (6) residents.   Funding for succeeding years will provide for continuance at this same level unless increased or decreased by specific legislation.     This legislation will provide for Meharry Medical College to continue further development of general dentistry residency training in various locations of middle Tennessee.    This section does not constitute an appropriation of funds.   No funds shall be expended under this section unless such funds are specifically appropriated in the general appropriations act pursuant to title 9, chapter 4, part 51, or a specific amendment or supplement to the general appropriations act.
TN Code § 49-7-601 (2021)
2021 Tennessee Code|Title 49 - Education|Chapter 7 - Postsecondary and Higher Education Generally|Part 6 - Volunteer Trust Fund Act|§ 49-7-601. Short Title

 This part shall be known and may be cited as the “Volunteer Trust Fund Act.”
TN Code § 49-7-602 (2021)
2021 Tennessee Code|Title 49 - Education|Chapter 7 - Postsecondary and Higher Education Generally|Part 6 - Volunteer Trust Fund Act|§ 49-7-602. Legislative Declaration

 The general assembly recognizes the importance of creating a legal mechanism to safeguard and protect valuable rights and privileges sought to be created and protected by the framers of our constitution. Through this part, the general assembly recognizes, as did our forefathers, that knowledge, learning and virtue are essential to the preservation of our institutions of government and the diffusion of the opportunities and advantages of education should be paramount in our concerns. To that end, the general assembly declares its support for the establishment and formation of a trust corporation to act as trustee of a charitable trust for higher education and for the encouragement and acceptance of voluntary contributions for the benefit of the state and its citizens. Through the mechanism established by this part, the inherent values so essential for the general welfare of our state will be preserved for future generations.
TN Code § 49-7-604 (2021)
2021 Tennessee Code|Title 49 - Education|Chapter 7 - Postsecondary and Higher Education Generally|Part 6 - Volunteer Trust Fund Act|§ 49-7-604. Trust Corporation — Board of Directors

  The trust corporation shall have a board of directors as provided in the document that creates the trust to be administered by the corporation. The board shall also serve as trustees of the trust. The board of directors and their successors shall be appointed in the manner provided in the document.   The trust document shall also provide for the administration and maintenance of the trust funds and the manner in which funds shall be received and invested by the board acting as trustees for the trust, as well as the manner in which donations of real property may be made to the trust.   Unless the trust document otherwise provides, investments of the trust funds shall be essentially the same as those authorized for the investment of trust funds in accordance with title 35, chapter 3.
TN Code § 49-7-605 (2021)
2021 Tennessee Code|Title 49 - Education|Chapter 7 - Postsecondary and Higher Education Generally|Part 6 - Volunteer Trust Fund Act|§ 49-7-605. Charitable Trust — Disposition of Funds

  Any trust for higher education created to be administered by a trust corporation formed under this part shall be a charitable trust for the general welfare of the citizens of this state. No funds shall be available for distribution from the trust until two hundred (200) years from the date the trust is created. All contributions to the trust shall be considered as principal and until the two hundredth year from the formation of the trust, all interest accruing on the principal amount shall be added to the trust funds and be considered as principal. After the two hundredth year from the formation of the trust, interest income from the trust fund will be available for disbursement for higher education pursuant to the plan required by the trust document creating the trust. The board of directors of the trust corporation shall establish guidelines for disbursement that are not inconsistent with this part or the trust document under which it operates as trustee for the trust.   Income from the investment of the trust for higher education shall be expended solely in accordance with this part and the respective trust agreement, except that reasonable expenses for administration of the trust may be deducted from the income.
TN Code § 49-7-606 (2021)
2021 Tennessee Code|Title 49 - Education|Chapter 7 - Postsecondary and Higher Education Generally|Part 6 - Volunteer Trust Fund Act|§ 49-7-606. Contributions and Gifts to Fund

  Any person, association or corporation may make contributions to the trust corporation for the benefit of the trust pursuant to this part, and the trust corporation is authorized to accept funds and deposit the funds in the trust for higher education.   In addition, the trust corporation is authorized to accept gifts of land for the benefit of the trust. Gifts of land shall be made in the name of the trust corporation with appropriate language of limitation.
TN Code § 49-7-701 (2021)
2021 Tennessee Code|Title 49 - Education|Chapter 7 - Postsecondary and Higher Education Generally|Part 7 - Promotion of Leadership in Agricultural and Home Economic Programs|§ 49-7-701. Special Endowment Trust Fund — Contributions — Interest — Disposition of Funds

  There is created within the general fund a special endowment trust fund earmarked for the sole purpose of generating revenue to provide funds to promote leadership in agricultural and home economic programs in institutions of higher education.   Any person, association, corporation or governmental entity may make contributions to the special endowment trust fund, and the treasurer is authorized to accept all gifts, grants or funds specifically appropriated for that purpose, and shall deposit such amounts in the special endowment trust fund. Funds in the special fund shall be consolidated with state funds under the control of the treasurer in the same manner and as provided in § 9-4-704.   Except as provided in subsection (b), for administrative expenses, interest earned from funds deposited in the special fund shall be used for the purposes provided in subsection (a).   The state treasurer has the authority to promulgate necessary and appropriate rules and regulations in accordance with the Uniform Administrative Procedures Act, compiled in title 4, chapter 5, to include, but not be limited to, guidelines relative to the manner in which deposits shall be accepted for and made to the special fund, and the manner in which applicable amounts will be distributed according to appropriate regulations promulgated pursuant to [former] § 49-7-702.
TN Code § 49-7-801 (2021)
2021 Tennessee Code|Title 49 - Education|Chapter 7 - Postsecondary and Higher Education Generally|Part 8 - The Tennessee College Savings Trust Act|§ 49-7-801. Short Title

 This part shall be known and may be cited as the “Tennessee College Savings Trust Act.”
TN Code § 49-7-803 (2021)
2021 Tennessee Code|Title 49 - Education|Chapter 7 - Postsecondary and Higher Education Generally|Part 8 - The Tennessee College Savings Trust Act|§ 49-7-803. Purpose

 The Constitution of Tennessee, Article XI, § 12 manifests the intention of the citizens of this state that the advancement and improvement of higher education in this state is an essential governmental function and purpose of this state. Therefore, the general assembly finds that the creation of a trust program, as an agency and instrumentality of the state, to assist students or their families in financing a portion of the costs of attending colleges and universities will increase the number of students who will seek to attend a college or university, and will, therefore, advance and improve higher education in this state. It is, therefore, the legislative intent of this part to establish an educational trust program as an agency and instrumentality of the state to assist families in saving and investing for the qualified higher education expenses of attending an eligible educational institution, and thereby to encourage such students to attend such institutions. In establishing the program, it is further the intent of the general assembly to encourage timely financial planning for higher education by the creation of tuition contracts and the creation of educational investment plan accounts, and to provide assistance and incentives for college savings for the benefit of the children of the people of the state. It is the legislative intent that the program be funded from fees assessed in accordance with § 49-7-805(10).
TN Code § 49-7-806 (2021)
2021 Tennessee Code|Title 49 - Education|Chapter 7 - Postsecondary and Higher Education Generally|Part 8 - The Tennessee College Savings Trust Act|§ 49-7-806. Tuition Contracts

 The board may enter into a tuition contract with a purchaser for the purchase of tuition units on behalf of a beneficiary through the educational services plan or for the creation and deposit of contributions to a savings account through the educational savings plan, or both; provided, that the total amount of contributions made to both plans on behalf of a single designated beneficiary does not exceed any limits imposed by the board pursuant to § 49-7-805.
TN Code § 49-7-807 (2021)
2021 Tennessee Code|Title 49 - Education|Chapter 7 - Postsecondary and Higher Education Generally|Part 8 - The Tennessee College Savings Trust Act|§ 49-7-807. Educational Services Plan Tuition Contract

  An educational services plan tuition contract entered into between the board and a purchaser shall allow the purchaser to purchase tuition units on behalf of a beneficiary at the price determined by the board pursuant to subsection (c) for the year in which the tuition unit is purchased. Each tuition unit purchased on behalf of a beneficiary shall entitle the beneficiary to an amount equal to one percent (1%) of the weighted average tuition during the academic term in which it is used. Each tuition unit shall cover the cost of the beneficiary's tuition in an amount no greater than one percent (1%) of the weighted average tuition in effect at Tennessee's four-year public universities at the time of use.   “Weighted average tuition” means the tuition cost resulting from the following calculation:  Add the products of the annual undergraduate tuition at each Tennessee four-year public university multiplied by that institution's total number of undergraduate full-time equivalent students; and   Divide the gross total of the products from subdivision (b)(1) by the total number of undergraduate full-time equivalent students attending Tennessee's four-year public universities.     The board shall develop a plan for the sale of tuition units. The board shall determine annually the weighted average tuition of Tennessee's four-year public universities in the academic year that begins on or after August 1 of the then current calendar year, and shall establish the price of a tuition unit in the ensuing sales period. The price shall be based on sound actuarial principles, and shall, to the extent actuarially possible, reasonably approximate one percent (1%) of the weighted average tuition for the academic year, plus the costs of administering the educational services plan and any amount necessary to ensure the plan remains actuarially sound. The sales period to which the price applies shall consist of twelve (12) months, and the board shall establish the date on which the sales period begins. The board may impose and collect additional administrative fees and charges in connection with the sale of tuition units. To promote the purchase of tuition units and in accordance with actuarially sound principles, the board may adjust the sales price as part of incentive programs.
TN Code § 49-7-808 (2021)
2021 Tennessee Code|Title 49 - Education|Chapter 7 - Postsecondary and Higher Education Generally|Part 8 - The Tennessee College Savings Trust Act|§ 49-7-808. Educational Investment Plan

  An educational investment plan is established whereby an account owner may participate to create an account in such plan and shall allow any contributor to make contributions to such an account intending for such contributions and any earnings thereon to be applied toward the qualified higher education expenses of a beneficiary.   The account owner retains ownership of all amounts on deposit in such account unless otherwise provided herein. Earnings accrued to the account shall be considered to be held in trust in the same manner as contributions. Amounts on deposit therein shall be available for expenses and penalties imposed by the plan. An educational investment trust account created on behalf of a beneficiary under this part shall entitle the beneficiary to an amount equal to the funds on deposit in the account during the academic term in which the funds are needed to cover the beneficiary's tuition and other qualified higher education expenses at the eligible educational institution at which the beneficiary is enrolled, not to exceed the redemption value of the account.   The board may develop one (1) or more plans for offering educational investment trust accounts. The plans shall include, but shall not be limited to, the investment vehicles for investing the contributions made to such accounts. The board may cause the imposition and collection of reasonable administrative fees and charges in connection with the creation and maintenance of such educational investment trust accounts.   The funds from the small and minority-owned business assistance program that are transferred to the board pursuant to § 65-5-113(c) shall be used for the administration and marketing of the program, including, but not limited to, the establishment, marketing, and administration of an incentive plan or plans for the benefit of low-income individuals as authorized in § 49-7-805(4). The board shall have the authority to promulgate rules relative to the implementation and administration of the incentive plan or plans. The state treasurer shall be responsible for the day-to-day administration of such incentive plan or plans as established by the board.
TN Code § 49-7-809 (2021)
2021 Tennessee Code|Title 49 - Education|Chapter 7 - Postsecondary and Higher Education Generally|Part 8 - The Tennessee College Savings Trust Act|§ 49-7-809. Tuition Contract Terms, Limitations and Disclosures

  The following information shall be disclosed in writing to each purchaser of a tuition contract:  The terms and conditions for purchasing tuition units if the contract involves the educational services plan, or the terms and conditions for the making of contributions if the contract involves the educational savings plan;   The name and date of birth of the beneficiary of the contract, and the terms and conditions under which another person may be substituted as the beneficiary;   The name of the refund recipient;   The terms and conditions under which the contract may be terminated by the refund recipient and the amount of the refund, if any, to which the refund recipient is entitled upon termination;   The method by which tuition benefits under the program shall be applied toward payment of tuition and other educational costs;   The period of time during which the beneficiary must claim benefits through the program;   If the contract involves the educational services plan, the obligation of the board to make payments on behalf of a beneficiary under § 49-7-807(a) based upon the number of tuition units purchased on behalf of the beneficiary, or if the contract involves the educational savings plan, the obligation of the board to make payments on behalf of a beneficiary under § 49-7-808(a) based upon the redemption value accrued on behalf of the beneficiary;   The terms and conditions under which money may be wholly or partially withdrawn from the program, including, but not limited to, any reasonable charges and fees that may be imposed for withdrawal;   The obligation of the board to pay directly to the institution of higher education in which the beneficiary is enrolled the tuition benefits being used that term for tuition and other educational costs; and   Other terms, conditions and provisions the board considers, in its sole discretion, to be necessary or appropriate.     Notwithstanding any other law to the contrary, the board may provide in a tuition contract that the tuition benefits being used for the payment of tuition and other educational costs be paid directly to the beneficiary or to the entity to whom the charges are owed; provided, that the direct payments are authorized under the sections of the Internal Revenue Code that are applicable to the program.
TN Code § 49-7-810 (2021)
2021 Tennessee Code|Title 49 - Education|Chapter 7 - Postsecondary and Higher Education Generally|Part 8 - The Tennessee College Savings Trust Act|§ 49-7-810. No Promise or Guarantee of Admission, Attendance or Graduation — Costs Covered

  Nothing in this part nor in a tuition contract entered into pursuant to this part shall be construed as a promise or guarantee by the state, the board or any institution of higher education that a beneficiary will:  Be admitted to an institution of higher education or to a particular institution of higher education;   Be allowed to continue to attend an institution of higher education after having been admitted; or   Graduate from an institution of higher education.     Each tuition unit purchased under an educational services plan tuition contract shall cover the cost of the beneficiary's tuition in an amount no greater than one percent (1%) of the weighted average tuition in effect at Tennessee's four-year public universities at the time of use. There is no guarantee by the board, the state, the program or anyone that the contributions, together with the investment return on the contributions, if any, earned on the educational investment trust account will be adequate to pay qualified higher education expenses incurred for the beneficiary or that the amounts contributed to any such account is guaranteed or insured.
TN Code § 49-7-813 (2021)
2021 Tennessee Code|Title 49 - Education|Chapter 7 - Postsecondary and Higher Education Generally|Part 8 - The Tennessee College Savings Trust Act|§ 49-7-813. Custodian of Funds — Disbursements

 The state treasurer shall be the custodian of the trust funds, and the facilities and employees of the state treasurer shall be used and employed in the administration of the funds, including, but not limited to, the keeping of records, the management of bank accounts and other investments, the transfer of funds and the safekeeping of securities evidencing investments and may delegate or subcontract any or all such functions to any entity that the state treasurer deems qualified for such purpose when the state treasurer determines such delegation to be necessary or desirable.
TN Code § 49-7-814 (2021)
2021 Tennessee Code|Title 49 - Education|Chapter 7 - Postsecondary and Higher Education Generally|Part 8 - The Tennessee College Savings Trust Act|§ 49-7-814. Investments

  The board shall establish an investment policy for each trust fund. The board may authorize assets of the trust funds to be invested in any instrument, obligation, security or property that constitutes legal investments for assets of the Tennessee consolidated retirement system, or any other investment deemed appropriate by the board. The board may authorize assets of the funds for the educational services program to be pooled for investment purposes with the assets of the Tennessee consolidated retirement system or any other assets under the custody of the state treasurer.   In conjunction with § 49-7-805(1) and subsection (a), the board shall cause the amounts on deposit in the educational investment program trust established under § 49-7-812(a)(1) to be invested in any instrument or investment vehicle that the board deems reasonable and appropriate to achieve the objectives of the trust, exercising the discretion and care of a prudent person in similar circumstances with similar objectives. The board shall not require the trust to invest directly in obligations of the state or any political subdivision of the state or in any investment or other fund administered by the state treasurer or any other state entity. The assets of the trust shall be continuously invested and reinvested in a manner consistent with the objectives of the trust until disbursed for qualified higher education expenses, expended on expenses incurred by the operations of such trust or distributed to the account owner in accordance with the participation agreement.
TN Code § 49-7-815 (2021)
2021 Tennessee Code|Title 49 - Education|Chapter 7 - Postsecondary and Higher Education Generally|Part 8 - The Tennessee College Savings Trust Act|§ 49-7-815. Powers of Funds' Trustees

 Subject to the limitations in § 49-7-814, the board, or its nominee, has full power to hold, purchase, sell, assign, transfer or dispose of any of the securities or investments in which the assets of the funds have been invested, as well as of the proceeds of the investments and any moneys belonging to the funds.
TN Code § 49-7-816 (2021)
2021 Tennessee Code|Title 49 - Education|Chapter 7 - Postsecondary and Higher Education Generally|Part 8 - The Tennessee College Savings Trust Act|§ 49-7-816. Transaction of Business — Nominees

 All of the board's business shall be transacted, all of its funds invested, all warrants for money drawn, any payments made and all of its cash and securities and other property shall be held:   In the name of the board;   In the name of its nominee; provided, that the nominee is authorized by board resolution solely for the purpose of facilitating the transfer of securities and restricted to members of the board, or a partnership composed of any such members; or   For the account of the board or its nominee in such forms as are standard in the investment community for the timely transaction of business or ownership identification, such as book entry accounts.
TN Code § 49-7-817 (2021)
2021 Tennessee Code|Title 49 - Education|Chapter 7 - Postsecondary and Higher Education Generally|Part 8 - The Tennessee College Savings Trust Act|§ 49-7-817. Personal Interest in Investments Prohibited

 Except as otherwise provided, no board member nor employee of the board shall have any personal interest in the gains or profits of any investment made by the board; nor shall any board member or employee of the board, directly or indirectly, for the member or employee or as an agent, in any manner for the member or employee or as an agent, in any manner use the gains or profits except to make the current and necessary payments authorized by the board; nor shall any member or employee of the board become an endorser or surety, or in any manner an obligor, for money loaned to or borrowed from the board.