- Each institution of higher education shall report to the Tennessee higher education commission, on an annual basis, an accounting of student activity fees.
- The Tennessee higher education commission shall publish, as part of the Tennessee Postsecondary Education Fact Book, a financial disclosure statement for student activity fees.
- The financial disclosure statement shall account for the student activity fees on a campus-by-campus basis. At a minimum the following information shall also be included with the financial disclosure statement:
- The number of undergraduate and graduate students enrolled;
- Source of any student activity fees according to the number of students enrolled as undergraduate or graduate students;
- The expenditure of the student activity fees; and
- Funds not expended during the disclosure period.
- This section shall only apply to public institutions of higher education.