SENATE BILL 1340 By Powers HOUSE BILL 1348 By Haston HB1348 003369 - 1 - AN ACT to amend Tennessee Code Annotated, Title 9; Title 49 and Title 62, relative to higher education. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE: SECTION 1. Tennessee Code Annotated, Section 49-7-202(f), is amended by adding the following as a new subdivision: (4) The commission shall review and update the outcomes-based funding formula model at least once every five (5) years to provide incentives for institutions that offer programs leading to job placement in high-demand fields in this state. SECTION 2. This act takes effect upon becoming a law, the public welfare requiring it.