(1) TSAC shall make awards of nonrepayable financial assistance, from funds appropriated for that purpose, directly to needy undergraduate students who:
(A) Are residents of this state, as defined by regulations promulgated by the board of regents for the state university and community college system, under the authority of § 49-8-104 where applicable;
(B) Are enrolled or intend to enroll as full-time or part-time students in an institution of postsecondary education in this state that is either:
(i) A public college or university;
(ii) A public vocational or technical institute;
(iii) A nonprofit institution of higher education in this state as defined under regulations promulgated by TSAC; or
(iv) Are enrolled in a private business school located in this state accredited by the Southern Association of Colleges and Schools or by the Accrediting Council for Independent Colleges and Schools or are enrolled in private trade or technical schools located in this state accredited by the Southern Association of Colleges and Schools or by the Council on Occupational Education or by the Accrediting Commission of Career Schools and Colleges of Technology, all of which private business, trade and technical schools, accredited as provided in this subdivision (a)(1)(B)(iv), have been authorized to operate by the Tennessee higher education commission pursuant to the Postsecondary Education Authorization Act of 1974, compiled in chapter 7, part 20 of this title. If a school is organized as a profit-making entity, it shall comply with the terms and conditions that the board of directors of TSAC determines to be necessary to ensure that the availability of assistance under this program to students has not and will not cause an increase in tuition, fees, or other charges assessed by the school;
(C) Have complied with the applicable provisions of part 2, this part and parts 4-7 of this chapter and the rules and regulations adopted by TSAC; and
(D) Are not incarcerated;
(2) Awards of student assistance shall be available for residents of the state generally, without regard to county or other area of residence, race, color, creed, sex or national origin or ancestry; and
(3) Students who are citizens of the United States shall receive priority in the making of awards of student assistance.
(b) If subdivision (a)(1)(D) is in conflict with federal law to the extent that subdivision (a)(1)(D) would jeopardize the receipt of federal funds, subdivision (a)(1)(D) is void.
History: [Acts 1976, ch. 415, § 2; 1977, ch. 105, § 1; 1977, ch. 351, §§ 2, 5; 1980, ch. 704, § 1; T.C.A., § 49-5013; Acts 1981, ch. 223, § 1; T.C.A., § 49-50-113; Acts 1989, ch. 200, §§ 1-3; 1992, ch. 775, § 1; 1998, ch. 633, § 1.]