Tennessee Higher Education Commission - As enacted, makes various changes to the fees collected by the commission from Tennessee SARA institutions pursuant to the State Authorization Reciprocity Agreement Act. - Amends TCA Title 49, Chapter 7.

This bill updates how the Tennessee Higher Education Commission collects fees from institutions participating in the State Authorization Reciprocity Agreement (SARA). It gives the commission flexibility to set fees based on enrollment or by adopting rules that mirror national standards, while also ensuring fees drop if national fees are reduced. The law requires annual renewal fees to be paid by December 1 starting in 2025 and mandates that the commission share its reports with participating schools. All collected fees must be deposited into a dedicated state account to cover the costs of administering the agreement.