Education, Higher - As enacted, authorizes, subject to appropriation, an institution of higher education to request to redirect the institution's capital outlay funds for purposes other than those set out in the 2022 appropriations act; makes related revisions. - Amends TCA Title 4; Title 8; Title 9; Title 10; Title 12; Title 49; Title 66 and Title 67.

SB 1359 modifies reporting requirements for Tennessee's higher education funding. It requires the state commission to submit annual reports on capital outlay funds to relevant legislative committees by July 1 each year, starting in 2025. This affects public colleges and universities that receive state capital funding, as it standardizes when they must report how these funds are used. The bill does not change how institutions can spend the funds, only the timing and process for reporting to lawmakers. (Effective May 9, 2025)