Tennessee Code Title 55. Motor and Other Vehicles § 55-4-292

(c)(1)(A) The proceeds from the fee paid pursuant to § 55-4-204 for the sale of “Helping Schools” specialty earmarked plates and the special decals authorized by this section, minus the expense the state has incurred in designing, marketing and manufacturing the plates or decals, shall be deposited in the general school fund. The owners or lessees of motor vehicles who obtain special plates pursuant to this section may designate that the proceeds from the fees shall be allocated to a particular named school. The county clerk shall remit the proceeds to the local education agency operating the named school, and the local school board shall allocate the proceeds for the benefit of the named school, and shall make the funds available to the school. Any undesignated proceeds from these fees shall be allocated as provided in this section. At the option of the local school board or boards, these funds may be provided to an educational foundation in each system or systems. The foundation shall be duly chartered under the statutes of Tennessee.

(B) The foundation shall allocate the funds solely for supplies, equipment and training for students and certificated employees. Proceeds shall be distributed to the local education agency according to the average daily attendance of schools which serve the counties in which the proceeds were generated.