Tennessee § 49-7-1505 - Collection of annual fees.
Full text of Tennessee Tennessee Code Annotated § 49-7-1505 — Collection of annual fees., with citation guidance and answers to common questions.
§ 49-7-1505. Collection of annual fees.
The commission is authorized to annually collect fees from each Tennessee SARA institution, based on full-time enrollment and commensurate with the costs of administering SARA, except that the fees shall be limited as follows: Initial application and subsequent annual renewal fees shall not exceed, by dollar amount, the respective individual institution fees assessed by NC-SARA or any successor organization; and In the event that NC-SARA determines to waive or terminate the assessment of fees for participating institutions, then the fee applicable to Tennessee SARA institutions shall be the same as those fees assessed in the prior fiscal year. All fees collected pursuant to this part shall be deposited in the state treasury and credited to a dedicated commission account for the administration of this part. The fees to be collected by the commission shall accompany an application for voluntary participation in SARA and the annual renewal as a participating institution. Any reports generated in compliance with NC-SARA shall be similarly submitted to participating Tennessee SARA institutions for informational purposes. Acts 2015, ch. 444, § 6; 2016, ch. 868, § 15.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 49-7-1505
What does Tennessee Code Annotated § 49-7-1505 cover?
Section 49-7-1505 ("Collection of annual fees.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 49-7-1505?
A common citation format is "Tennessee Code Annotated § 49-7-1505" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 49-7-1505 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.