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Current as of January 02, 2024 | Updated by Findlaw Staff
(a) The commission is authorized to annually collect fees from each Tennessee SARA institution based on full-time enrollment and commensurate with the costs of administering SARA. The commission may set fees by:
(1) Defaulting to the fees set for the initial application, annual renewal application, or to other fees assessed by NC-SARA, or any successor organization; or
(2) Promulgate rules governing the schedule of fees, including, at a minimum, fees for initial and annual renewal applications.
(b) If NC-SARA reduces, waives, or terminates the assessment of fees for participating institutions, then the fees applicable to Tennessee SARA institutions are the same as the fees assessed to such institutions in the prior fiscal year, but only if the commission does not establish the fees by rule, as provided in subdivision (a)(2). If the commission has promulgated rules governing the schedule of fees, then the fees applicable to Tennessee SARA institutions are the fees established in the commission's rules.
(c) The commission shall deposit all fees collected pursuant to this part in the state treasury, to be credited to a dedicated commission account for the administration of this part.
(d) Beginning on July 1, 2025, a Tennessee SARA institution must pay its annual renewal fees by December 1.
(e) The commission shall submit all reports generated in compliance with NC-SARA to participating Tennessee SARA institutions for informational purposes.
Cite this article: FindLaw.com - Tennessee Code Title 49. Education § 49-7-1505 - last updated January 02, 2024 | https://codes.findlaw.com/tn/title-49-education/tn-code-sect-49-7-1505/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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