HB2676/SB2713, abolishes the governing board of directors for the Tennessee Student Assistance Corporation (TSAC) and designates the corporation as a division of the Tennessee Higher Education Commission (THEC). Currently, TSAC and THEC have separate Boards governing the two separate corporations even though the Executive Director of THEC oversees both. TICUA’s president is secured a voting position on the TSAC Board by statute. If the bill passes as drafted, TICUA will no longer have a place at the table. The bulk of the bill seeks to redefine the role of THEC among public colleges and universities by vesting the universities with more power and reconstituting the nominees to the Commission.
The House bill, which vests public institutions with more power, was passed in the House chamber and has been sent over to the Senate for consideration. The Senate Education Committee passed their version out of committee this week which will place it in a position to be placed on the Senate Chamber calendar.
The House and Senate amendments are in very different positions. The Senate version, amended by Senator Jon Lundberg, continues to vest THEC with its current responsibilities and creates an advisory board to the TSAC division. TICUA is specifically mentioned in the Senate amendment securing the Association a place on the TSAC Advisory Board. Since the House and Senate have differing views on the legislation it will likely go to a conference committee to attempt to resolve the differences.