From official state and federal legislative records. Informational only, not legal advice.
Now law
This is now an official law, recorded in the state's law books.
The governor signed it. Nothing left to watch.
In plain words
AI summaryWritten by AI from the bill text. Check the official text before relying on it.
Fiscal Summary NOT SIGNIFICANT Bill Summary Under present law, the Tennessee higher education commission (THEC) includes 10 appointed members as follows: six gubernatorial appointees, one student member appointed by the governor, one appointee of the speaker of each chamber of the general assembly, and one member who is jointly appointed by both speakers. Beginning on the date that this bill becomes a law, this bill revises the appointing authority for THEC to be as follows: (1) Three gubernatorial appointees, plus the student member appointed by the governor; (2) The speaker of the senate shall appoint three members, one of whom must be appointed as the successor to the member presently appointed from the middle grand division by the governor), whose term expires on June 30, 2030, and one of whom must be appointed as the successor to the member presently appointed from the west grand division jointly by both speakers, whose term expires on June 30, 2026; and (3) The speaker of the house of representatives shall appoint three members, one of whom must be appointed as the successor to the member presently appointed from the middle grand division by the governor whose term expires on June 30, 2026, and one of whom must be appointed as the successor to the member presently appointed from the east grand division by the governor whose term expires on June 30, 2031. Present law requires THEC to develop and utilize an outcomes-based funding formula model to ensure the fair and equitable distribution and use of public funds among state institutions of higher education. This bill adds a requirement that THEC establish a means of using inputs into the outcomes-based funding formula model to establish target on-time graduation rates for each state institution of higher education and publish the target rates at least once every