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§ 49-7-501. Chairs of Excellence Endowment Fund

The chairs of excellence endowment fund is created. This fund shall operate as an irrevocable trust fund within the state treasury and shall be administered by the state treasurer. The terms of the trust instrument shall be approved by the attorney general and reporter. There is created a board of trustees for the chairs of […]

§ 49-7-502. Chairs of Excellence Program

The chairs of excellence program is created. Institutions eligible to participate in the program shall be limited to Tennessee’s four-year public universities that grant baccalaureate degrees and the University of Tennessee Space Institute. It is the intent of the general assembly that all eligible institutions will receive at least one (1) chair of excellence. It […]

§ 49-7-503. Modification of the Purpose for Which Chair Established

Should the purpose for which a chair established pursuant to this part become unlawful, impracticable, impossible to achieve or wasteful, the designated purpose for which the chair was created may be modified pursuant to this section. It is the legislative intent that in such situations, institutions strive to redesignate the field of study supported by […]