(a) The commission is authorized to set fees annually based on the intent to collect revenues sufficient to fully fund all costs of this regulatory function.

Terms Used In Tennessee Code 49-7-2014

  • Authorization: means approval of a postsecondary educational institution by the commission for the institution to engage in activities or operations otherwise prohibited by §. See Tennessee Code 49-7-2003
  • Commission: means the Tennessee higher education commission. See Tennessee Code 49-7-2003
  • fund: means the tuition guaranty fund created by §. See Tennessee Code 49-7-2003
  • Optional expedited authorization: means the alternative optional authorization available under this part to accredited postsecondary educational institutions. See Tennessee Code 49-7-2003
  • State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
(b) All fees collected pursuant to this part shall be deposited in the state treasury credited to a special agency account to administer this part.
(c) The fees collected by the commission must accompany an application for authorization of an institution, or other application or request, in accordance with the schedule set out in the rules promulgated pursuant to this chapter. All fees must be stated as a flat fee.
(d) Eligible institutions pursuing optional expedited authorization from the commission shall be subject to a flat annual fee collected by the commission and shall be exempt from all other fees under this part.
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