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 allows the commission to set annual fees based on student enrollment, either by following national standards or through its own rules, and requires these fees to be deposited into a dedicated state account. The law also mandates that annual renewal fees be paid by December 1 starting in 2025 and ensures that reports generated for the national program are shared with Tennessee institutions for their information.